we don't have the same wording but the president is opposed to a tpp? to those principles or other principals on improving the enforceability and the efficacy of labor and environmental standards. >> this is also a sensitive issue for the mexican in government 2.0 with that country why a disclosure. and that process is on the way. so '02 comply with guidance. with that i standards of label. >> so a general you are still here. over the years that again the of military relationship between canada and united states that you developed in your leadership position for those that have those various leadership positions with those loyal presidential pipeline approvals to sign off and say yes to go ahead because of the energy security that was represented for the united states. but hasn't been any discussion in all of the ability into north american neighborhoods to have energy security between our three countries to include renewable store energy security? that we would not necessarily rely but we could rely on though whole neighborhood to have a multi pronged

gingrich said that if tpp had come the republicans would've voted against it because it was negotiated by obama. that's not something we will fix. us canadians interesting to watch that dynamic play out. what it does for the agriculture community is rely on developing partnerships with our american counterparts. this will only be changed by agriculture, going to their congressman insane this is not going to work for me. i don't think we should be canadians going in they think we should talk to her counterparts have the same values that we have and get the message out. we need to change the channel on the discussion of the trade agreement were is not about being the worst deal ever comments about how to rebuild on something that has grown the economy of all three asians are less 20 some years. >> mexico in a matter we don't have a deal or a specific date, we have more or less a system that emulates that because we need to bring the end agreement signed into her senate and the senate has to ratify, again they cannot come back and say we need this to be changed in order to ratify. and if

failing "new york times" story by peter baker should have mentioned the rapid terminations of me of tpp and

tpp was the 3.0 of free trade agreements. there was a gap with the ratification of nafta. no doubt on a trade front on a geostrategic front that what we started to see what the development of a true common north american foot print. this doesn't me everything has been rosy and peachy. there have been relerant trade disputes. canada had its trade disputes with the united states. based on the rules-based trading system that we developed i think the three countries have benefitted. were there issues we should have thought of and addressed? of course. some of the very profound political debates we see in north american heartland today come from that era because the u.s. wanted to put energy on the table as part of the negotiation with mexico and mexico wanted labor mobility and the u.s. government said no can do. what we built in 1983 was not only responding to changes happening as a result of the cold war, the unification of europe but how to compete and be successful in the last stages of the 20th century. thank you for those i

with tpp, sure, there are problems. i think president trump should have taken a look at it and renegotiated parts of it instead of withdrawing. kennedy: maybe we'll make individual trade deals. and i understand the pushback and i understand the pushback from the bernie sanders people. but let's talk about intellectual property tariffs. they don't let american countries in, whether they have hard goods they make american companies divulge those secrets which they essentially steal to bolster their country. guy: this was a hallmark of the trump campaign saying we are getting screwed. i'm more of a free trader myself. but i think that was an initial shot across the bow saying some of that rhetoric will be backed up with action by my administration. the statement by the premiere on the future of socialism. i spent 7 years living in hong kong. the chinese government has mostly kept its grubby socialist commie mitts off of hong kong baits's a thriving island of capitalism doing so well and thriving so big. kennedy: their econ

. >>> coming up, the tpp, member that moving full steam ahead without the u.s.t's going cost american exporters. we're talking about the transpacific trade partnership it's a must read next. >>> as we head out, check out what's happening with the action in europe. gains and losses fraction thal "worldwide exchange" will be right back have told me that i could afford... a gig-speed. a gig-speed network. it's like 20 times faster than what most people have. i'd of said... i'd of said you're dreaming. dreaming! definitely dreaming. then again, dreaming is how i got this far. now more businesses in more places can afford to dream gig. comcast, building america's largest gig-speed network. >>> welcome back to "worldwide exchange." i'm sara eisen here with dom chu. time for our must-reads. my pick in the "wall street journal," taking on the pacific trade partnership. while mr. trump is unlikely to have a free trade epiphany the deal offers benefits to exporters that the u.s. will struggle to secure on a bilateral basis if the 11 remaining members hold out for u.s. ret

and you made the mentioned -- the question which we discussed today at a delegation of the eu that a tpp could be continued. a transatlantic agreement between the eu and the united states. could you elaborate? sec. ross: the president has ideano doubt about the that we are open to free-trade agreements with other major trading departments, the eu being part of it. that is no news, that has been our position for quite a while. the u.s. is the world's largest importer and the third-largest exporter, very few trade agreements. mexico has more than 40 free trade agreements, including ones with the eu and other parties that we don't. we have a relatively limited number of them and other than to -- you have have kafta. i have no idea why historically, trade policy has been not to have free trade agreements with your major trading partners. the thing is a little bit oxymoronic. host: any other questions? >> i am with the canadian private sector. circling back to nafta 2.0. abouted to thank you listing the 28 points. my question is, when it comes to nafta, how do you measure success? we will mea

we were both ambassadors at the same time when lobbying us government to get into the tpp. it is the 3.0 free-trade agreement. as the gap achieved in 1993, what had been happening in the global economy since then. on a trade front, on a geostrategic front, what we started to see was development of true, north american but b this rules-based trading system, the countries have benefited. issues we should have thought of or addressed as originally designed and negotiated in 1993, some of the profound, divisive political debates we see in the north american heartland today. as part of the negotiation. mexico said no can do. the mexican constitution prohibited that in the energy sector and mexico wanted labor mobility and the us government said no can do. no surprise one of the toxicant devices issues mexico and the united states have been dealing with is labor mobility written large. in a nutshell what we built in 1993 was not only responding to the changes happening as a result of the end of the cold war, unification of europe, how north america needed to come together to comp

nafta is one of the worst trade deal and tpp which i terminated before it got finished. that would be a great disaster of all times in term was trade and a lot of people understand that and a lot of people don't. i was honored to have terminated that. and we'll do bilateral deals with all of those countries. if they don't treat us properly we'll terminate. >> lou: how likely there will be a resolution on nafta. >> i would say this. in order to have a resolution, right now mexico and canada have such a great deal, it is so good that it is hard for them to be used to the fact it is not that way anymore. and mexico has an election coming up and they have a number of people who are pro mexico and wearing green hats that say make mexico great again. and it is it harld. i tell my people. right now, it is going to be hard and in my opinion in order to make a fair deal with nafta, you have to terminate and then make a deal. to make a great deal. we are tough and fair, but we have to get back a lot. what happened to the country with nafta is unbelievable. the factories moved out

. >> it goes beyond the participants in the tpp. a way to make both sides of the pacific and to strengthen their considerable rationale for america to be focused and engaged in the region. tpp agreement and 12 nations was among the largest in history. brazil's president has been hospitalized. his office as he is suffering from neurological problems. day,l news, 24 hours per powered by more than 2700 journalists and analysts in over 120 countries. it is just after 5:30 p.m. in new york. paul allen has a look at the markets. paul: it looks like a bit of a down day on the markets. we have brent crude flat -- askx futures also up. anz out with full year earnings. cash profit up 18% to $6.9 billion. return on equity rising to 12% and the debt interest margin slipping a little. the aussie dollar is weaker around $.77 following wednesday's week cpi. emily: one of silicon valley's top investors is being investigated for potential miss contact. they say that in investigating steve german cities who sits on jervidson who sits on the board of

the us withdraw from that tpp, saying it is not going to be part of the trade initiative.the other part is china's initiative. they are looking for greater connectivity in the region, at the same time, the us is pulling back. the chinese are a big factor in this geopolitical situation. intellectual property and drug patents are big issues. they believe america is looking at the long—term benefits in this strategically important south—east asian region. later shares in the company behind angry birds will start their first day of trading on the main stock exchange in helsinki. the finnish game developer, rovio, was one of the first studios to make a breakthrough mobile game and it even released a blockbuster movie featuring sean penn and peter dinklage. but the company has fallen down the pecking order in recent years— as tom davies explains. a royal seal of approval. and a former uk prime minister whojust couldn't get enough. quite a lot of the doubles, it is quite addictive. act in 2011, rovio behind the smash hit angry birds was worth about $9 million. the business is now

my advice there is go back to the tpp or else try to make nafta like the tpp. one of the funniest things trump has said, this is a direct quote, negotiators for germany have done a far better job than the negotiators for the u.s. if you take it at face value he believes there's a job description for trade negotiate for germany. germany outsourced that job long ago to a union and don't negotiate their own trade policy. i infer what he really means is he observes germany runs a large bilateral trade surplus vi vis-a-vis the u.s. by lat lal trade -- is a stands for america and c stands for china, all three of these are relevant. first, country a has a trade deficit overall. second, country c has a trade surplus overall. that's true of the u.s. and china. three, country c needs to earn a structural surplus with countries like a in order to pay for a structural deficit with some other countries which in this case would be exporters of oil and other commodities. i'll show you a graph in a minute because all three do describe the situation with china. in terms of the

build upon the limited concessions that canada mexico made in the tpp and then third to pursue what we think are have beenfactors that hurting us in terms of the trade countries.hree you might have seen the editorial i had put in the a few weeks ost" added in value manufacturing in it's kind of dispelling the myth that goods back and forth so much that they really had huge amounts of content even though they ultimately came through or mexico.da factor. is an important >> they identified three poise pills and i'll ask you to speak to them. rules of origin. 85% of north american content. american content. fefkt the argument is i think a folks particularly in the automotive parts industry is a dollar global business. it was pointed out to me today that ford mustang is very much american car. ut it's not assembled -- it's assembled in north american with less than 50% of american have the ereas you honda hybrids assembled in japan with 70% north american content. .of les of origin is a bit a moving target. >> i don't think it's that hard all. people always use the outlier xamples and those

that may impact tpp talks. the prime minister said new zealand would tpp minuso seek the one membership and is open to new foreign trade. saying we can balance the living for exporters and being sure new zealanders can buy homes. but as adam was also saying, the markets responding not that great to the new government, dominic stevens saying the action of house prices will be welcome, but probably a short-term gp hit. haidi: getting down to the business of governing, putting together a cabinet to be a struggle. paul: it is. will be a three headed government, there will be three members of the green party sitting outside of the cabinet room, and inside there will be for new zealand first ministers. we were speaking about how leader is.eir he could be named foreign minister again as he was in 2008. overall, labor, the government is very inexperienced. minister, this will be his first time in power. he did say that in large reassuringly that the national fiscalidn't invent responsibility, sending the signal he will

josh: been tpp, canada gave up kitchen of its markets. -- give up a chunk of their markets.lly gave 3.5% market to the tpp nation saying, do you want to cut of the market? and they turned around to subsidize dairy farmers. there are avenues to do that. to blow up their dairy aspect as the u.s. has done is off. sherry: do you expect negotiations out of the window now? eric: there has always been a target of the deadline, and we ajardo referring to a gold by the end of spring 2018, so mexico has always said they will let negotiation conferences determine the timeline even though that could bring uncertainty for investors. vonnie: thank you from eric, who covers the mexico economy and josh wingrove covering the canadian government. sherry: we are looking ahead to ibm's third-quarter earnings. how the cloud is paying off, next. this is bloomberg. ♪ ♪ welcome back. i am shery ahn. vonnie: i am vonnie quinn. ibm reported earnings for the third quarter and they have been betting big on its hybrid adoption an attempt to drive software and service sales. with the revenue suffering 21

and that president trump will pull out, just as he did with the tpp. thank you for the update.headlines, south korean police requested an arrest warrant for the head of one of south korea's largest companies and parent company of korean air for embezzling millions of dollars of company funds. cho yung ho is under investigation for using $2 million meant to pay for the construction of a hotel to finance the remodelling of his own home in 2013. facebook has bought an anonymous application popular with teenagers called tbh, an acronym for to be honest. it has been downloaded by more than 5 million people who have sent1 billion messages in its nine weeks of existence. it is to make positive references about friends. the financial terms were not disclosed. the weinstein company has reached out for a financial lifeline after its co—founder harvey weinstein was fired over accusations of sexually harassing women for over three decades. the entertainment empire has denied reports it is looking to sell or shut down its operation. it has entered discussions with colony capital. a private

out of tpp. you expressed disappointment at the move, where is tpp minus the u.s.ng forward. >> we're still talking the 11 remaining members are discussing how we can take it forward. >> is there anything happening behind the scenes whether it's singapore, the asean region that is convincing the u.s. to rejoin the multilateral trade pack? >> i think the president made his decision clear it's a form decision, we leave it at that i don't think it's the time yet to start new initiatives multilaterally with the united states, perhaps one day the time will come. >> tune in to the full conversation this weekend for more from our exclusive interview with singapore's prime minister, including his thought on china, north korea and the future of singapore. let's recap some of the biggest moves in europe. one more stock worth mentioning is accor it is trading near the bottom of the stoxx 600 this morning despite a strong outlook for 2017 europe's biggest hotel group increased revenues by more than 6% in the third quarter and said full-year operating profit would be at the hig

my second point is the precipitous withdraw in my view from tpp sent a message way beyond trade. i think it sent a message to a lot of our friends in asia that we might not, anymore, want to have a strong economic alliance with them which was the bedrock of our last president, president obama so-called pivot to asia with stronger trading relationships with our friends. inform policy terms, as well as on the merits, i would argue that probably was ill advised. >> i think there's also a question about the people, the countries that are on the receiving end of these policies, both in terms of alliances and trade. i know in latin america, for example, certainly in asia, countries that were members of tpp were going off on their own, making their own relationships. the question then becomes, when the united states reflecting these views, is ready to make deals with them, are they going to be ready to make deals. at the same kind of deals that we would consider advantageous. on immigration, i was totally taken aback those figures that across the board, with numbers that have gone up th

do you think the tpp should have been approved? >> guest: absolutely. anything that reduces barriers between countries is beneficial and this myopic view of america first and so forth economically make sense perhaps but from an economic point of view we need to be -- i will quote ben franklin. the policy of america should be commerce with and war with none. very idealistic but at least on the trade side open borders in terms of trade is a superior policy than the view, buy american products first. you buy the best product at the cheapest price and let people decide. it is all about freedom, that is what freedomfest is about, free choice and not imposing your view of what a person should buy. if you want to buy american that is fine but don't tell other people i have to buy american. >> host: bringing manufacturing back to the united states, is the freedom proposal economically viable proposal? >> guest: i teach economics at chapman university and i show my students all the manufacturing products america still produces and exports. we are very much manuf

china was against the tpp. we were trying to enact tpp to help position ourselves against china with our friends in that part of the world, the pacific rim. just basic issues like that that i think are difficult, or just talking about pulling out of the south korean trade agreementsat! a time of sabre rattling? why raise that at time like this? it's more than bewildering. >> talking about name-calling. inability to get things done in congress. senator corker took it a step further. worried about the president inadvertently starting world war iii. saw him undercut secretary tillerson. seen him call kim jong-un on twitter, call him names on speeches. are you worried about our national security? >> well, i'm certainly worried about our foreign policy. i mean, i saw statements, too, coming out of the president's mouth on nato being obsolete. frankly, that's exactly what vladimir putin wants to hear. he wants to break up nato. he wants the eu to unravel. and why would we do anything that would basically mimic what v

. >> that's why they like tpp. they wanted to get their milk, their eggs, their cows into asian markets. they like tpp and that also had nafta upgrades in it. we could have passed that, upgraded nafta and increased trade. it's a huge mistake that we didn't do that. >> amen sister. did he talk at all about now officially he's going to have no treasury undersecretary. he's got a skeletal staff over there. people i like to say mnuchin likes it that way. i can't imagine that. >> yes. his argument is that they have got good people in there. david malpass is in there. they have other guys in senior positions. a guy came over from senate finance, chris campbell, to work on tax reform and he doesn't need another deputy, a number two. i think that's probably a miscalculation. generally speaking that person helps you, you know, spread the u.s. message around the world, work with congress, help take the burden off you. it's good to have a deputy treasury secretary. not having one, not a great idea. >> listen, we know what the

my second point though is that the precipitous withdrawal in my view of tpp sends a message way beyondrade. i think it sent a message to a lot of our friends in asia that we might not anymore want to have the strong economic alliance with them which was the bedrock i think of our last president, president obama. stronger trade relationships with our friends. so in foreign-policy terms, as well as on the merits, i would argue that probably was ill advised. >> i think there was also the question about the people, the countries that are on the receiving end of his policies. both in terms of alliances and trade, we see i know, you know, in latin america for example, certainly in asia, countries where tpp is going off on their own, they are making their own relationships and so the question then becomes, you know, when the united states requesting these views is ready to make deals with them, are they going to be as ready to make deals as they happen in the past or the same kinds of deals we would consider advantageous? on immigration, i was just totally taken aback by the figures where acr

everything we're talking about except for the fury and fire was done under tpp. the only bad thing on the third day of the presidency, the president got out of the transpacific partnership and the only one that was really happy was china because we got out of that leadership itself. and trade is very important and i live in la radio. i represent all the way down to the valley. so trade is very important. every day there's $1.3 billion of trade between the united states and the united states. that's over a million dollars a minute. then when he talks about all the rapists and murderers, look what the mexicans have sent. last year they sent almost 20 million -- we had 20 million mexican visitors that year. that's one out of four people that come into the united states are mexicans, which means that mexico sends more than the uk, japan, brazil, china, germany, franz, everybody put together. billions of dollars are spent and tony we all know this, they come in, they spend money in our hotels, restaurants, et cetera, et cetera, et cetera. so if somebody's such a good

know, you know, in latin america, for example, and certainly in asia countries that were members of tpp are going off on their own. they're making their own relationships and so the question then becomes, you know, when the united states reflecting these views is ready to make deals with them, are they going to be as ready to make deals as they have been in the past? are the same kinds of deals that we would consider at van tajs. on immigration, i confess, i was just totally taken aback by those figures that where across the board with numbers that have gone up that more and more people are in favor of a path to citizenship with immigrants. i'm not sure how that relates to the closed border question. anybody who wants to address that -- >> i think -- so the poll shows that there is a 65% of americans believe that there should be a path to citizenship for those who are here illegally, either very smoothly or after paying a penalty and waiting for a period of time. it's about half and half on those figures. and i think that -- the polarization of the immigration debate is a political pola

so, don't gloss over tpp too quickly.ery disappointed to see the trump administration pulling out of those trade talks, which they were very supportive of. and the region is trying to find a way to go forward on that. of course, a military conflict on the korean peninsula would be potentially devastating to the regional economy. so, i think we have to assume that one of the messages president trump is going to hear from the prime minister is, you know, trying to find some kind of way to avert this becoming a military confrontation and, yes, destabilizing the region potentially through nuclearization of other countries. that's a difficult sell right now because donald trump has given the signal -- he has given mixed signals. primarily the signal that he wants to try diplomacy. he's in the mode of intimidation and making all the countries in the region nervous and singapore isn't the exception. >> even as this domestic political agenda is at a really critical point. jeremy, you wrote about the battle within the republican p

to speak about nafta trade negotiation to be quite aggressive including higher projections with the tpp and nobody knows what is going on?. >> i don't know what the issue is but every time there is an international trade some of those brand name drugs but they could not save generic unless they filed the timetable which of course, we never envisioned in the survey didn't envision the developing countries to produce a drug and have it on the market and then say after time went by a to get the generic approved even though it was already on the market and with our trade representatives they win in the untenable position with the ability of these poor people in the developing countries that could not afford the market because of the price we have to get those generics out as quickly as possible but generically ensure it is related. >> they give very much. [applause] >> .

the teepee we just decided those and protecting american interest the attitude to our souls to the tpp we decided china is the principal economic player for every nation in the pacific gramm. and if they tried to do one on one it was bad enough over the last two decades but now giving them this power over us. and the ability to sell the market that we would give t that up by don't understand that of all. >> looking at that relationship of u.s. and china is said jay broad relationship so without one topic with that a broader bilateral relationship and i have not done the numbers into a dead bore in the last nine months and so that china has taken steps with north korea. is to have economic troubles. with espionage by the chinese here in the united states. in the chinese version of amazon?. >> but amazon and china is not treated as a chinese company. when you look at the investment and then in order to get a toehold. so early in the relationship is strong enough to deal with these individual problems so then when we talk about the chinese are taking a vantage and that is hurting mexico a

ardern supports free trade and tpp. she won power three months after taking control of her party.uropean allies to support new u.s. sanctions on iran, saying countries doing business with tehran do so at their own risk. arabia and iraq alliance to counter iran's growing influence in the region as well. global news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. yvonne: we continue our focus on shinzo abe's win in the japanese election throughout the show. ramy: up next, we are joined by japan's former vice finance minister. this is bloomberg. ♪ ♪ i am ramy inocencio in new york. yvonne: the yen fell to its lowest in three months after a sweeping election victory in japan by the ruling coalition. get to our next guest, hiroshi watanabe. thank you for joining us. now, in dollar-yen right the nikkei at overbought levels. we have not reached those level since abenomics started. would you make of this so far? reaction is in today's market. when confidence is given to the administration, the yen depreciated. the win will g

and it's surprising to me for instance nafta is one of the worst trade deals it's just the worst so tpp got signed before it got finished some day hopefully people think that would have been one of the grated disasters and a lot of people understand that but i lot don't but i was very honored to have just terminated that and we'll do bilateral deals with all those countries and we'll do it great and if they don't treatise properly we'll do a termination or we'll do whatever we want to do. these deals once you get into them. >> lou: how likely is it there will be a resolution on nafta in these current negotiations? >> president trump: okay so i would say this. in order to have a resolution because right now, mexico and canada have such a great deal, it's so good that it's very hard for them to get used to the fact that it can't be that way any more, and as you know, mexico has an election coming up and they have a number of people that are running and they're very pro mexico which in fact they wear a green hat that says make mexico great again. they call them the donald trump of politics

dministration, we actually worked out pretty good environmental and labor and if we would have had tpp that would have applied it, i'm hoping we can add the labor and environmental standards to nafta because we have moved totally in the last years from the original nafta. >> the only thing i would add to yes as to thetely movement, transporting of people. that is just unconscienceable in that -- unconscionable. putting a bright light on the of humans whether it is exploitation or children. let's take a question over here. >> first of all, thank you for great conversation. voluntaryyou made the move from the u.s. to mexico. aspect of immigration that is rarely if ever talked about in the media. inspired you to make that decision to build your political opposed to xico as the u.s.? >> thank you. all my family are from mexico. happened to be born -- my mexicans.ad are but that's not the only case. my case. and nows of usands bi-national.re and what happened to me, i had the chance to go to school here. had a soccer scholarship at houston baptist national university. maybe that helped me k

it is a domestic law change that will probably not impact the tpp.ds toprime minister aipac next week, this will sort what might have been some tricky diplomacy. she hopes to have legislation before parliament by christmas and hopefully brought into law by 2018, all going well. is this part of the bigger problem of these concerns that all of this is going to feed into a slowdown when it comes to the new zealand economy? in get into this situation australia where you want to prevent a bubble, but you also don't want it to burst. >> one of the narratives around the government is new zealand is still open for business. zealand first party has a protectionist stance. the name gives it away. this isphen joyce said a political problem. there is definitely a perception of new zealand that foreigners are having an outsized impact on the property market. but what message does it send to the outside world? is new zealand open for business? that is something she will have to reassure partners when she gets to asia next week. you so much for that. let's get a qu

no tpp. no paris climate agreement. so he's look out for the best interests of america. john mccain has it out for the president from day one. charles: "the washington post" has a headline long time goes mccain and biden form an alliance against trump. is it good for any member of the republican party to be forming an alliance with joe biden? >> we should come together to focus on tax policies and obamacare. john mccain is from a wing of the party that is an interventionist wing. i hope that the president can try to work with him and other members of congress constructively to get things done. charles: you are a former spokesperson for romney and many believe romney is the globalist from the same school as mccain. don't the troops usually rally around the commander-in-chief and find a way to compromise? why can't he do it with the person at the top of his own political party? >> i think it's a two-way street. senator mccain was elected by his constituents. there will be differences of opinion, but i hope both sides can come together to engage in constructive dialogue to

we saw with tpp with the trump administration came in, was with the paris accord and now with the iranian the broader messages we are seeing america retreat under the trump administration and whatever congress does, it's a signal from the administration to the rest of the world that we are not -- you cannot expect us, you cannot rely on the u.s. to stick with these agreements that have been such a cornerstone of foreign policy for the last 25, 30 years. mark: is obvious that iran will refuse to change the 2016 accord -- 2015 accord, if trump's goal is to build a separate deal outside the original deal, maybe targeting perceived flaws. is that realistic? golnar: i think it very much depends on what the europeans and russians and china will say about this, just emphasizing this point. it's a multilateral agreement and iran's foreign minister has said this. the eu foreign invoice at this. it's about eight or countries, it's not about one country. and iran is really doubling down on those relationships. the relationship with russia and china, deals with france, with french companies like cyto

past campaign you heard bernie sanders and donald trump ran against nafta, and they ran against the tpp. you're in a district that relies on global trade. >> where the most trade dependent state in the country. >> right, but hillary clinton walked away from nafta and tpp. she went and altered her book. you had this pipe is as straight and both parties coming out against free trade. what do you say to that? as a young democrat who wants the party to look to the future, how do you counter that, those arguments? >> i say that any policies were put in place and agreements, trade is a good example. we need to make sure we put good policies in place. that we are smart about what we learn and what's happened in the past and are forward-looking but also address issues that come in in the past to make sure we put good policies in place going forward. that means having those debates, understanding impacts different parts of her country. just the same process we're talking about in texas. it means having that engagement and that discussion and realizing what's happened in one day may not be repres

. >> i think unfortunately the us had been working under tpp to think one day it would include china and it seems like two and half years ago the chinese government was coming around to the concept that one day china would be a member of ttp so in your remarks talking about the disintegration of the american presence in the region in ways that actually help the region itself is unfortunate. now sitting in washington dc we are waiting to see if the current administration is going to pull back even further from the way it is integrated economically and adhering to wto and the other regional free trade agreements to things like binding dispute settlement and that doesn't look good for the us in filling this very much needed role in bringing us together, including with china where president said we are here and let's pick up this mantle of globalization which is again very well, but we want to see what the actions in that regard being. >> exactly right, or you could say tpp was a good idea only in the context that it was a way station to something else but it itself was hardly an end in

a and i know and in latin america and other asian countries that were members of the tpp going off on to make their own relationships. so the question becomes if the united states is reflecting these views are theye ready to make deals with them as they have been? with those kinds of deals we would consider advantageous? but i was totally taken aback across the board the numbers that have gone up those that are in favor of citizenship with immigrants i am not sure how that equates to that question anybody that wants to address that?. >> sova old number shows 65 percent they believe there should be a path to new citizenship after paying a penalty and waiting a period of time. and i think that polarization of the immigration debate which by the way as a lot of issues including trade. not necessarily reflected in the rest of the country and to have a basic sense of what is right and what is wrong.de and people want them to stay.to they want to have a path. with that issue that the immigrants represent from the security perspective republicans have consistentlyfe over the past few decades

the fact that hillary clinton had to drop tpp in the election campaign should tell us all that this is a bigger problem than trump. the problem is that the foreign-policy which the elites committed themselves in age of the end of history is not a foreign-policy that the american ,eople are prepared to support at least as it has been explained and expounded. problem and it comes at a time when american power and american interest are challenged heavily abroad by a group of adversarial powers who have a pretty good nose from american weakness and division. it is a bad time. one more question. >> professor mead, do the jacksonians struggle with the notion of the moral imperative to prevent genocide? how would jacksonians deal with the issue of preemptive action when faced with an immediate existential threat? prof. mead: jacksonians do not wrestle with the question of genocide. they think that is not really america's concern. it is not a wrestling. they would resist efforts to base american policy on the prevention of genocide as an obligation. ways youd -- there are something genocide th

whether it's creating tensions with mexico or with australia, whether it is blowing up tpp or blowingta. going after allies around the world, going after nato. and i think they look at this and they go, well, gee, he's going back on america's word. he's not reliable. he's erratic. we've got a potential problem. and you've got people like angela merkel saying, okay, we've got to go it alone. the canadians have said, okay, we're going to have to go it alone. and the chinese have said, okay, we're going to step into the breach. we're going to fill the void because america is clearly less reliable and its retreating. >> case in point, the iran nuclear deal. david, i wish we had more time. thank you, good to see you. >> good to see you. >>> still to come, a look at the effect that the nation's opioid crisis is having on children. >>> but first, president trump defends throwing paper towels into a crowd of people at a hurricane relief center in hurricane-ravaged puerto rico. >> they had these beautiful soft towels, very good towels. and i came in and there was a crowd of a lot of people. an

and hillary clinton walked away from nafta and tpp. she went in her book and you have this populist strain in both parties basically coming out against pretrade. what do you say to that question as a young democrat who wants the party to look to the future, how do you counter those arguments. >> i say that if any policies we put in place and agreements to trade is a good example. we need to make sure we put good policies in place so that we are smart about what we have learned and what has happened in the past and are forward-looking but also direct issues that come on the path and put good policies in place going forward. that means having those debates and understanding impact in different parts of our country. it's the same process we talked about in tax reform means having that engagement and that discussion in realizing that what has happened in one area may not be representative of effects across the country. i have one the most trade -dependent state in the country and our farmers are tree dependent. these are important issues a

she has indicated support for the tpp and intends to clamp down on foreign property speculators.youthful female leader in the world. she won power three months after taking control of the party. global news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. sophie: asian stocks set to snap afford a decline led higher by japanese shares. the topix headed for an 11 day run while the yen loses ground. check out jgb yields, looking steady. focusing on will be the boj adjusting its strategy and order to steepen the curve. to extendoj likely easing policy, that will make it more likely for treasury yields to rise. options for break above that level. for options.e stocks and china looking little changed while the hang seng is maintaining losses with energy and property stocks striking the most. in the dollarrise weighing on currency markets. the won slipping to a two-week mightlthough some support come from third-quarter gdp d ata. that is the market snapshot in hong kong. angie: you know what i want to talk about? the yen. ,

he's opened doors with the tpp, and china walked straight into it the davos speech a great example. china is in no hurry it knows it has a relationship which it has to keep going with the united states, but it's not happy with it. the united states is not happy either this is like a marriage, neither side can bring themselves to divorce. but it's scratchy and it will continue like that >> trump will be visiting asia at the beginning of november what do you expect from that >> well, we'll be watching -- he will want to do a deal on north korea. >> which probably won't happen >> i think the chinese are loathe to get into any kind of solution to the north korea problem, which strengthens the u.s. presence in east asia china's long-term aim, which is clear from what xi was saying, is to replace the united states in asia. >> jonathan, thank you very much for that you'll stick around longer let's get back to some corporate news shares in zolando are trading lower as third quarter earnings are expected to miss forecasts adjusted ebita is expected to be between 5 million euros and a profit