u.s.-mexico-canada agreement gives u.s.ater access to canadian dairy markets and gives canada protection from tariffs imposed on cars and trucks imported to the u.s. it requires 40% to 45% of vehicles coming into the u.s. be produced in plants paying at least $16 an hour. >>> police in allentown, pennsylvania, are trying to figure out why a car burst into flames over the weekend killing a man, his son, and another man nearby. jericka duncan has details. >>> is somebody in there? >> reporter: the huge explosion rocked this allentown neighborhood saturday night. [ sirens ] it shattered windows and turned this vehicle into a twisted fireball. >> i just heard the explosion. a big explosion like -- it scared me, startled me. i thought it was a house that blew up. >> reporter: authorities named the three victims. 26-year-old jacob schmoyer and r in the car that exploded. investigators say the third victim, 66-year-old david hulman, who knew schmoyer, was in close proximity to the vehicle. allentown police chief tony alslabin. >>

u.s.-mexico-canada.ck to 2.0. >> it updates the original trade pact updating the rules. there is a whole industry that did not exist when this was written. higher wages and labor standards for auto workers and farmers more access and in return the u.s. will keep a mechanism for resolving disputes. it must go to congress to approve it. many said they would not support nafta without canada. many rely on duty free trading. >>> unimaginable devastation in sulawesi. the death toll on the indonesia island climbing to 840 two days after a 7.5 magnitude earthquake and tsunami triggered f ee eed 10-foot high waves. crews are looking through splintered wood hoping to find sur revivo survivors. we have alex field in hong kong. >> reporter: dave, destruction on the large indonesian island. death count at 844. officials expecting that number will rise. tens of thousands of people are out of their homes. rescue workers are struggling to reach the people who need help the most. that's because problems of infrastructure

u.s. mexico canada. >> i think the big thing is it brings the stayed deal more into balance with the u.s., canada and mexico. ross perot ran for president in 1992. one of this themes was the giant sucking sound from mexico when they hadn't passed nafta yet. any deal requires modification from time to time if they are long enough. what happened here is the realization it could stay the way it was, and president trump took the initiative by saying for years they sat down, we have got to fix this. he finally said, boys, enough. you don't want a military war, so you had a trade war. so i think both to candace credit and mexico's credit, they realize we had a lot of validity about what could be fixed. and you know, the thing that i find disturbing in this whole thing is i am excited about some of the things trump is getting done. very excited. i don't think most of career politicians would have had the guts, frankly, and they proved that by all these years past, they didn't do anything. all of a sudden -- like it or not, he's supposed to represent our interests. we americans. this business abou

u.s. mexico canada agreement. calls among other things, by year 2020, the car must have 3/4 had of components manufactured in canada, mexico, u.s., not any foreign country, versus 62 1/2% today. by 2020, 30% of the work should be done by workers making $16 an hour. 40% by 2023. right now the average is closer to 20%. further it commits canadian companies to companies, accept more drug companies doing business north of the border in canada and increases intellectual property protections here this is stunning achievement likely not face much pushback in congress because it affords the same protections of nafta, but as one analyst said, stronger with more guaranties. that could be decided by democratic congress. remember, tariffs remain in effect until this is ultimately approved in all three countries. it is sort of a defacto given in canada and mexico. more than an uphill battle in our country but it is a stunning, sweeping trade agreement that the markets looked over very, very critically here decided a trend that

u.s.-mexico-canada agreement.ou can see the canadian dollar reacting, the best performer against the dollar. the mexican peso rising. 128.46.ap trays at up .5%above 83 on brent, after we heard reports on the weekend president trump was talking to saudi arabia. we are getting a lift from crude today. manus: there is one other major story, apart from trade, that we will cover extensively. it's about italy, the difference between what the finance minister once and what we were told. i put together the doom loop. the sovereign bonds and bank of italy is fiercely mistaken. it's alive and well. two of the major banks. i want to put it in context. it's a sobering reminder of risk, but nowhere near the menace of 2011-2012. we've moved a country mile in breaking that relationship, but it's not over the bond markets. is there higher to go on that? will the bond spread pop higher? complex is that you have a review by the ratings agency at the end of october. it's on negative watch. s&p comes out and of october. goldman sachs

and canada reaching that last deal the u.s./mexico or canada agreement.op white house adviser, pete navarro talked about the deal this morning on "squawk. >> the big deal that are in place when the mexico deal was signed there was a disagreement over dairy. there was a disagreement over this thing called chapter 19 which is a dispute resolution mechanism that the canadians really favor basically, at the end of the day, we got much more access to dairy and canada is going to have their chapter 19. >> the president tweets this morning. he says deficiency and mies and mistakes in nafta, greatly opens markets to our farmer and manufacturers, reduces trade barriers to the u.s. and will bring all three great nations together in the competition with the rest of the world. they're all agreeing with china is the one that needs to change its behavior >> it is interesting about this is the wage component. $16 an hour. suddenly you should invest in there. near the place i have in mexico, there is a huge number of factory and giant number of japanese and german cars b

u.s. and canada have agreed to scrap the 24-year-old nafta and include mexico and a new three-way deal. g modest changes comic called for u.s. farmers to have more access to canada's dairy market plus canadian auto exports up to a point would not be affected by u.s. tariffs on foreign cars. president trump has called nafta a disaster. in indonesia, the death toll from an earthquake and tsunami is now over 800. the government has continued to search for survivors from the disaster on the island. beyond the human cost, indonesia also is likely to take a hit to its budget for reconstruction. the disaster might hurt the all-important tourism industry. the nobel prize in medicine has gone to james allison at the university of texas and tasuko their work. global news, 24 hours a day, on air and at tictoc on twitter powered by more than 2700 journalists and analysts in more than 120 countries. i'm emma chandra, this is bloomberg. david: thanks so much. ge shares are surging as we see the premarket up over 13%. lawrence culp named ceo. tell us what we know about lawrence culp. atry culp is one o

u.s. mexico canada agreement, or, usmca. like ymca or united states marine corps, with a a at the end. i didn't want to use the name nafta because nafta has been so bad for us. ten years ago, 15 years ago, you look at new england where the factories were devastated. people forget. you still have empty buildings all over the country from nafta, and usmca is the most advanced, modern and balanced trade agreement ever negotiated. it's also the largest trade deal the united states has ever made. we think it's the largest trade deal ever made in the world. $1.2 trillion in commerce per year. the usmca will protect america workers, substantially increase exports of american agriculture, and our farmers are so happy. and she was so happy. and they didn't know if we be able to make a deal or certainly a fair deal for them. this deal will revitalize also the american auto industry. one thing i wanted, was, i don't want any incentives to get companies to leave our country, fire everybody, move to mexico, canada or someplace, and build cars and send them in, no tax and no nothing. in the meantime

u.s. on this monday. we had some trade optimism for the latest u.s.-canada-mexico but domestically focused stocks took a hit. let's see how this is going to play out in the asian market. sophie kamaruddin? sophie: caution could be the name of the game for asia as we are facing a mixed start. 114,en has reached 1:14 -- but defensive stocks have been driving gains this year in tokyo. retailers, drugmakers, and the like -- futures pointing higher for stocks in japan. the kospi could be off to a softer footing this morning. we did get a read on business confidence rising to 78 in september, but staying below the 100 reading, which indicates estimates outweighed the optimism. over in new zealand, we do have stocks extending gains for a second day, potentially. you look at the kiwi dollar, it is under pressure this morning, , afterlow 66 u.s. business confidence fell to a nine-year low. kiwi traders will take heed of the annual report that came out this morning, which follows the treasury, saying the outlook for third-quarter growth remains solid. i want to take a look u

this is all just there these are the top stories canada the u.s. and mexico have reached a new trade deal to replace the one thousand nine hundred four north american free trade agreement on nafta canada's prime minister justin trudeau has held a late night cabinet meeting ahead of a u.s. imposed deadline to sign up all be excluded from the pact u.s. president donald trump has brains enough for the loss of american manufacturing jobs i didn't castro has more from washington d.c. . this deal that would replace nafta is called the us embassy a short for us mexico canada agreement and it is being trumpeted by senior u.s. administration officials as a win for all three countries major provisions here include benefiting u.s. dairy farmers by opening up the dairy market in canada as well as protections offered to the canadian auto industry to a degree from possible future u.s. tariffs on auto indonesia's president his accepting international help to recover from friday's earthquake and tsunami more than eight hundred people are confirmed dead rescuers fear the toll

and canada have agreed to a deal to replace the north american free trade agreement that's according to a u.s. administration official who said that it will go by the new name the united states mexico canada agreement canada had risk being frozen out of a deal reached in august between the u.s. and mexico to update nafta but eleven that were talks between ottawa and washington guaranteed that all three members would be in the new version of the trade pact is a predator is it a good deal but is it a good deal for quite a good day for canada welcome sir. justin trudeau was in good spirits after a cabinet meeting in ottawa once the final stumbling blocks had been removed. there will be no tariffs on the two point six million cars that are made in canada and sold in the u.s. but there was still no announcement of a deal on canadian steel and aluminum exports canada says it's a good deal because the country can also go to an independent arbiter when it has a trade dispute with the u.s. and it does not have to subject itself to u.s. courts that part of the old nafta treaty survived the name however will not the acronym nafta is dead as u.s. president donald trump repeatedly called it the

competitive advantage mexico and canada have agreed to strong new labor protections environmental protections and new protections for intellectual property so important if approved the new u.s. mexico canada agreement would preserve a one point three trillion dollar trading zone u.s. dairy farmers will be able to sell more of their products in canada canada gets to keep a dispute mechanism to resolve fights with the u.s. over lumber exports and auto workers in mexico will be paid more to produce parts for the u.s. market that last point mattered to officials in ottawa we have reached an agreement on cars and car parts inspired by creative canadian ideas which as some of you will remember we put forward in our talks in montreal back in january that was a key turning point in this negotiation it's just the draft treaty now heads to parliament in ottawa and to congress in both washington and mexico city we've got a most in the going but having a less a little more and where was it that we will make sure it does not contravene the sovereignty of the people and we will. guarantors of the federalist principles that maintain our republic analysts say there is a reason why canada i

u.s. /mexico/ canada agreement, farmers are not the only ones cheering over the u.s. mca. big pharma, a business where you can work for decades just to develop one life saving drug maybe getting in on the action. dr. sax waxhal is the former ceo of inkline, spent a lifetime developing drugs bringing them to market he is next on how the trump trade wars could help or hurt his industry, but he is making new developments, whose he talking to about it next on fox business. medicare cards are changing. with new, more secure numbers. but con artists, they never change. they'll always try to steal your medical identity. so, what can you do? guard your card, just like a credit card. don't give your medicare number over the phone or email. and remember, medicare never calls unless you've asked them to. to find more ways to guard your card, go to medicare.gov/fraud. don't let your guard down. ♪ liz: three days in a row we've had a really nice solid market a lot of that has to do with the trade deal u.s. canada mexico and when you dig into that the auto industry and agriculture have

u.s. and canada agreed to a trade deal that would preserve a three-way block with mexico. al would be called the u.s.-mexico canada agreement, or u.s. nca and replace the 24-year-old nafta pact. it set the stage for the country and its leaders to sign the accord by the end of november. donald trump's team has pushed back against reports the white house laid out narrow ground rules for the fbi probing into brett kavanaugh. the president ordered the investigation friday in the sexual assault allegations against the supreme court nominee. it marked a turnabout for a nominate the party had hoped to power through the chamber and onto the top court by early this week. >> the white house is not getting involved in the fbi investigation in that way. the president respects the independence of the fbi and feels that they should be looking at anything they believe is credible within this limited scope. >> u.k. prime minister theresa may is facing the battle of her political life at the conservative party annual conference. that's as top politicians tried to undermine her leadership, i

it is the u.s., mexico, canada agreement. the president said it is historic and has taken care of the problems he had. >> a lot of the focus has been on those problems and the last-minute negotiating snags over dispute resolution. those are some of the least important aspects of this treaty. modernizes the free trade agreement that came into effect in 1995 by incorporating things that did not exist. there is a provision in this that allows canadians to buy american products on the internet shipped over the border duty-free up to 100 dollars in both cases. that is a big increase from the $20 that was allowed earlier. that kind of thing, modernizing the treaty to recognize the new economy that we have today is the most important aspect. from that standpoint, it is definitely a win. >> president trump getting started early this morning when he tweeted, we reached a wonderful new trade deal, that you -- the new name will because -- will be called the usmca. he says it helps farmers and manufacturers, but here in the beltway, it i

competitive advantage mexico and canada have agreed to strong new labor protections environmental protections and new protections for intellectual property so important if approved the new u.s. mexico canada agreement would preserve a one point three trillion dollar trading zone u.s. dairy farmers will be able to sell more of their products in canada canada gets to keep a dispute mechanism to resolve fights with the u.s. over lumber exports and auto workers in mexico will be paid more to produce parts for the u.s. market that last point mattered to officials in ottawa we have reached an agreement on cars and car parts inspired by creative canadian ideas which as some of you will remember we put forward in our talks in montreal back in january that was a key turning point in this negotiation it's just the draft treaty now heads to parliament in ottawa and to congress in both washington and mexico city we've got a most having a less a little more and where was it that we will make sure it does not contravene the sovereignty of the people and we will be guaranteed. wars of the federalist principles that maintain our republic analysts say there is a reason why canada is joining

u.s. mexico canada agreement, or usmca. like ymca, or united states marine corps, with an a at the end, i like the way it sounded i didn't want to use the name nafta. because its been so bad for us and i would watch 20 years ago, 10 years ago, 15 years ago you look at new england where the factories were devastated, people forget, people forget. you still have empty buildings all over the country from nafta so i didn't want to use the name nafta. u.s. mca is the most advanced modern and balanced trade agreement ever negotiated, it is also the largest trade deal the united states has ever made and we think it's the largest trade deal ever made in the world, $1.2 trillion in commerce a year the u.s. mca will protect american workers, substantially exports of our farmers are so happy. and the farmers and agricultural people are thrilled they didn't know if it would be able to make a deal or certainly a fair deal for them, they're thrilled and this deal will revitalize also the american auto industry. one thing that i wanted wa

u.s./mexico/canada agreement, justin trudeau fielded members from the house of commons. during this 20-minute portion, they pressed the prime minister on details of the new agreement, specifically on how the deal would impact canada's dairy industry and future relations with the u.s. >> mr. speaker, we're waiting for the details of the new free trade agreement with the united states so that wk assess all the details. we know that the prime minister made concessions in the access to the dairy sector as well as in terms of the class 7 ranking. can the prime minister tell us what the concessions were compared to any concessions the mesh hs to make in their dairy market. >> translator: the agreement that et we reached yesterday is a good agreement for canada. it's a good agreement for market throughout the continue nnt and it's very important. they will continue to do that to receive appropriate compensation for their loss of market share. >> when the prime minister offered to renegotiate, there were no sunset clauses and we already had a dispute resolution mechanism. so the

it is the u.s., mexico, canada agreement. the president said it is historic and has taken care of the nasty problems he had. >> a lot of the focus has been on those problems and the last-minute negotiating snags over dispute resolution. those are some of the least important aspects of this treaty. the agreement modernizes the free trade agreement that came into effect in 1995 by incorporating things that did not exist. the internet. there is a provision in this that allows canadians to buy american products on the internet shipped over the border duty-free up to $100 in most cases. that is a big increase from the $20 that was allowed earlier. that kind of thing, modernizing the treaty to recognize the new economy that we have today is the most important aspect. from that standpoint, it is definitely a win. for all three countries. >> president trump getting started early this morning when he tweeted about this and new deal, "we reached a wonderful new trade deal, the new name will be called the usmca." he says it helps farmer

u.s. and canada and mexi mexico.it's nafta on steroids. >> president trump doesn't hate nafta, he hates anything that any previous administration would have done. brian, the fact that it is freer trade when you go into the details, could that be one of the reasons why the market's up this morning? >> yes, certainly, listen, they were just looking for a deal. i think this back and forth, stephanie, as you know, probably better than i do, worked on wall street for a long time, you just want some clarity. you want to understand what you're dealing with. uncertainty is the enemy in some respects. it's kind of a tweak in some ways but to your point as well, stef, just want to have that rebranding. the president's going to hate that. there's got to be a name that the administration can take credit for. by the way, remember, nothing happens unless the senate a proves this. orrin hatch has already said this has got to be approved by the trade protection authority. if it doesn't, the senate could kick it back. nothing is -- i

u.s./mexico/canada agreement. the president had been at odds with canadian prime minister justin trudeau until the deal was finalized last night. >> a lot of stories came out go justin and i having difficulty together. we did over the trade deal. but i'll tell you, it's turned out to be a very, very good deal for both. >> reporter: canada has agreed to lift restrictions on its dairy markets so u.s. farmers can export products more easily, but the biggest impact is on the automobile industry. in order to avoid tariffs, the deal requires 75% of a car's component parts to be manufactured in north america, up from nafta's 62.5%. it also requires that at least 30% of the work on a car be completed by employees earning $16 an hour or more. workers in the u.s. and canada generally make more than $16 an hour when they're working on a car. those in mexico much less, and that has encouraged a lot of manufacturers to move those jobs to mexico. this new iteration is meant to bring those jobs back. cbs news business analyst jo

and it's a good day for canada says prime minister justin trudeau after his country agreed to a new trade deal with the u.s. and mexico the u.s. and mexico canada agreement to set to replace what used to be known as nafta. i'm swimming some of the good to have you with us indonesia's government is struggling to cope with the aftermath of the earthquake and tsunami that hit the region of soloway z. last week authorities are rushing to get aid and rescue equipment to the area the president. has now called for other countries to pitch in and help more than eight hundred forty people have been confirmed dead so far tens of thousands of people are homeless i. think the moment disaster struck first an earthquake then this to nami. indonesia is no stranger to natural calamities and the government had been keen to show it was ready for this one but the region at the center of the disaster around the city of polo is remote so the rescue operation has been slow to get off the mark. but this woman is begging to be airlifted out of the region are responding to the distress president joke over dodo help distribute emergency food s

competitive advantage mexico and canada have agreed to strong new labor protections environmental protections and new protections for intellectual property so important if approved the new u.s. mexico canada agreement would preserve a one point three trillion dollar trading zone u.s. dairy farmers will be able to sell more of their products in canada canada gets to keep a dispute mechanism to resolve fights with the u.s. over lumber exports and auto workers in mexico will be paid more to produce parts for the u.s. market that last point mattered to officials in ottawa we have reached an agreement on cars and car parts inspired by creative canadian ideas which as some of you will remember we put forward in our talks in montreal back in january that was a key turning point in this negotiation mr speaker draft treaty now heads to parliament in autumn one until congress in both washington and mexico city we've got a most having a less a little more and where was. that we will make sure it does not contravene the sovereignty of the people and we will be guarantors of the federalist principles that maintain our republic analysts say there is a reason why canada is joining the dea

u.s. mexico, canada agreement replaces nafta, at least in name. and at this morning's tweets -- if it's any indication, you can expect a victory lap. the president writing the agreement is, quote, a great deal for all three countries and will bring all three great nations together in competition with the rest of the world. the markets so far seem to like the deal. all of the indices are up right now. jeff bennett standing by in the rose garden. i'm also joined by john harwood and also josh barrow. an nbc political contributor as well. and phillip is with us as well, and former indiana congressman david mcintosh, the president of the federalist society. we have assembled quite the esteemed panel. john, let me start with you. this new agreement aims to do a number of things. modernize food and agriculture trade. addressing the digital trade anti-corruption regulatory practices. also gives the u.s. greater access to canada's dairy market. what e else is in this deal? is it a winter for t-- win for president? >> it's a win for the economy in a sense t

u.s. mexico canada -- the u.s.-mexico-canada agreement put in place. i think we have been able to see president trump regardless of the relationship with mexico negotiate a win-win for the united states and mexico, and that includes canada. and i think it is a great opportunity for businesses and those who do trade. in southern arizona, in cd two, we are dependent on our relationship with mexico so i applaud the effort to get the agreement in place. moderator: ms. kirkpatrick, you have 30 seconds. ms. kirkpatrick: we have to look at all of our trade agreements and re-examine them. are they fair? every trade agreement has a winner and a loser. it has to be a transparent process so people can know what is in the trade agreement. how many know what trump plans to do with nafta? i haven't heard anything. that is the problem with this administration. my opponent is going to be and lockstep with the administration to address problems in a non-open transparent manner. moderator: thank you. is for missstion kirkpatrick, and it comes from ron. ron. ms. kirkpatri

. >> mexico, canada, and the u.s.e come to a new deal called the u.s.m.c.a. >> that trade deal replaces nafta. >> the death toll is rising after am earthquake and tsunami hit indonesia. >> the death toll stands at 800 and rescuers have yet to reach all the affected communities. >> three people found dead after a car explosion in pennsylvania. >> police are actually calling this a criminal incident. >> funeral services are set for the six-year-old north carolina boy found dead after an extensive search. >> maddox ritch will be laid to rest this friday. >> first lady melania trump making her first solo international trip today. >> she'll visit ghana, malawi, kenya, and egypt. >> holy cow! >> in atlanta, a livestock trailer overturned on a highway. >> dozens of cows escaped. >> cops turned cowboys. >> so, i moved to atlanta. i never thought i'd be tracking cows from a helicopter. >> glor: good evening, i'm jeff glor. and this is our western edition. we begin tonight with new information on the f.b.i. investigation of bre

u.s.-mexico-canada.ating rules for businesses and promises higher wages and labor standards for auto workers and gives farmers more access. and new rules for digital businesses. it promises higher wages and labor standards and gives farmers more access to dairy farmers. in return, the u.s. will resolve trade disputes. the deal now faces congress who must approve it. many lawmakers would not support nafta without canada. u.s. businesses rely on duty free trade. >>> unimaginable devastation in sulawesi, indonesia. the death toll on the island climbing to 840 two days after a 7.5 magnitude earthquake and tsunami triggered ferocious ten-foot high waves. one final body count could be in the thousands. workers looking through debris hoping to find survivors. we have alexandra field in hong kong with the latest. alex, good morning. >> reporter: dave, those images simply devastating. we are talking about 2.4 million people affected. the current death toll at 844, officials expect that number to climb. that's bec

u.s./mexico/canada and we added canada working out great trade agreement.calling it the usmca. >> and he is also sending out quotes from the members of congress praising the deal. and canada's restrictions on the dairy product, and one of the key sticking points between the president and prime minister of cap da, under the usmca there is going to be better access to the dairy industry. and von hilliard is once again live from the world dairy expo in madison, wisconsin, and what are the dairy farmers saying about the president's deal, sir? >> craig, when we got wind of this yesterday of the announced deal we know where to go, because today is the launch as you note odd of the world dairy expo here in madison, wisconsin there. is is going to be 15,000 to 20,000 dairy farmers here today alone and several hundred cows. i want to bring in one of the dairy farmers, craig. this is lauren bry and you are living 400 miles north of here and you have about 300 cows at sturgeon bay and what are your emotions today? >> the emotions are positive and optimist optimistic,

u.s. mexico canada agreement. nafta is gone. mike blakeman at the president. ibed this u.s. mexico canada agreement as historic. big win for auto sector and dairy farmers. return the u.s. back to a manufacturing power house. but the reality of this going forward is that the 2019 congress will have the ultimate say on this one as they will eventually give this a thumb's up or thumb's down vote. the president today in a rose garden press conference acknowledged on that end there is political uncertainty. >> you are confident. >> not at all confident. >> explain to me if congress. >> tell me, i think they. >> if congress is controlled by democrats. >> could happen. >> could happen and then what? what are the prospects. >> they might be willing to throw one of the great deals for people and the workers they may be willing to do that for political people or political purposes because, frankly, you know, they will have 2020 in mind. >> neil, the president's top trade bob lighthizer this afternoon said they feel confident that eventually congress will give it the thum

had some optimism over trade after the 11th hour agreement on the trade deal between the u.s., mexico and canada. dow gained for a third consecutive session while the s&p 500 was higher. energy also led the gains. oil was higher on concern over a slowdown in u.s. drilling. the nasdaq fell a 10th of 1%. also worth men thing -- mentioning domestic focused stocks took a beating after improved outlooks for trade deals. we also have some data out of south korea. we are seeing industrial production out of south korea getting ground and beating expectations, going month-to-month. 1.4%. the expectation was growth of 0.4%, which would be in line with july. also the previous month has been revised upwards to 0.5%. production year on year in south korea also beating expectations, jumping 2.5%, beating the estimate of 1.3%. much faster acceleration in the previous month of july, .9%. we have seen some weakness on investment in south korea. but right now the numbers seem pretty solid coming out of south korea. let's see how all this data as well as what u.s. markets have done overnight. sophie: with that sol

mexico, canada and the u.s. have reached a new trade agreement. let: after more than a year off tough negotiations. the freshly named u.s.-mexico-canada trade -- is waitingre for final congressional approval. says the wilbur ross new deal will spur a windfall in the auto industry. >> we have lost a quarter of a million jobs or more in the auto parts sector. the are going to see a vast majority of those coming back. scarlet: u.s. president trump and canadian prime minister justin trudeau both touted the agreement on both sides of their border. we welcome josh ring growth from ottawa. this doesn't quite have the same ring as nafta. canadian dairy farmers though, do not necessarily come out of this matter. >> that is true, although it sounds like they will get a big paycheck in the mail pretty shortly. the canadian foreign minister had a press conference a short while ago as that we have compensation coming down the pipe for all the dairy farmers who will be affected by this. this is normal, both the anger among dairy farmers and the bio fit that come

u.s.-mexico-canada trade agreement, this is an hour.

u.s.-mexico-canada deal. delano: christine lagarde speaking there. ministers have agreed to new emissions limits for 2030? stephen: a 35% reduction in co2 reductions on new vehicles. germany is home to some of europe's biggest carmakers. it had resisted a greater cut being pushed for by other member states. that agreement comes as more motorists in france are looking to biofuel as a replacement. produces fewer harmful emissions, it does raise other environmental concerns. is called super ethanol. sales of the biofuel have incrcreased by more than 40% sie the start of the year. it is much cheaper, about half the price of petrol. ordinary cars can run on bioethanol by installing a simple converter. this device approved last december in france allows a petrol-driven car to use fuel made from beetroot instead. have fitted about 50 cars with them since july. they are really taking off. reporter: the system costs up to 1500 euros, the customers say it is worth the money. to 40 eurosos at the pump. by the time we have filled up 10 or 15 times, the device wi

united states and canada have agreed to a deal to replace the north american free trade agreement that is according to u.s. officials who said it will go by a new name the united states mexico canada agreements canada has been frozen out of a deal reached in august between the u.s. and mexico to update now after the eleventh hour talks between ottawa and washington guaranteed that all three members will be in the new version of the tri pact. is a predator is it a good deal very is it did you ever get a good day for canada ok i'm certainly not justin trudeau was in good spirits after a cabinet meeting in ottawa once the final stumbling blocks had been removed there will be no tariffs on the two point six million cars that are made in canada and sold in the u.s. but there was still no sign of an agreement on tariffs on canadian steel and medium exports canada says the deal is good because the country can also go to an independent referee when it has a trade dispute with the u.s. and does not have to subject itself to u.s. courts that part of the old nafta treaty survived the name however will not the acronym nafta is dead as u.s. president donald trump repeatedly called it th

canada, u.s. and mexico reaching an agreement on trade according to canada. for some kind of confirmation. a tentative agreement. now it says canada, the u.s. and mexico reached an agreement on trade. let's get some perspective here. quite good news. >> definitely. this morning u.s. futures moved higher by about half a percent. it is something you market has minutes is a -- the market has been anticipating, given mexico postponed its deal with america. i think the markets will take it positively. i think it shows the ability of trump to bring countries to the table and give something to everybody. it is definitely a positive. haslinda: there is optimism here but we also have oil expected to go to a hundred dollars. we have concerns with inflation. how would you play this market? clive: we have seen emerging markets selloff significantly over the past two quarters. halfway through september, particularly in asia, we saw markets recover from oversold territory, particularly china. up about 6% from the lows in september. those higher markets that have been sold

u.s. and mexico and canada, clearing the first major hurdle.ou heard the mexico geopolitical landscape having an impact on how these negotiations have been structured. they want to see this done by december 1. let's be frank, there could be some political threat after the midterm elections. we just don't know how the lay of the land will be. that said, it is a watered-down version of. version of nafta. the president saying the dairy market issue was "dealbreaker" at that press conference. the 62.5 percentage, of the 75% of nafta made auto parts, that for being held as a big win u.s. workers. on the issue of intellectual property as well. how this reverberates geopolitically in north america is one issue, but how it reverberates across the globe, particularly in china, the president saying he is not done taking all of those tariffs threats off the table. they will be quickly, i would argue, sorting through that in the next week until the next round of negotiations take place. so far, nothing on the books. vonnie: justin trudeau will be holding a