tone out of washington is the narrative is not necessarily consistent on one side we had the u.s. ambassador on china saying that the two sides are still well apart far apart to read it comes to the trade talks on the other side larry kudlow one of the economic advisors to the u.s. president in an interview i was talking about a bromance between the u.s. and the chinese president and the good relationship that the two are having eventually could lead to a successful trade talker but it's really a wide open if those two countries the two biggest economies on the planet will find some common ground all right yes quarter for us in new york thank you the west sanctions on russia appear to be biting back at german wholesale a metal has posted a quarterly loss of over fifty million euros it's a steep drop since the same quarter last year when metal posted a forty eight million euro profit russia's one of the group's most important markets but growing economic uncertainty has led to fall in consumer spending metal plans to change its pricing policy to reignite business in russia well the

u.s. it's a very good point that we can start with. on the european side, on the u.s. side, two slightly different situations. i think in this dimension europe is lagging behind in terms of timing. maybe three years, what's happened in the united states, which is why you see the comment from the bank of england or the comments from the ecb, which is still in the easing mode, even though they're tapering. on the u.s. side, it's going to be a matter of growth. how well the economy does. and candidly of inflation. and there is no question today, which is probably a good thing in the united states, it's picking up. see the fed hiking another three times in 2018. maria: yeah, because we've got a strong economy. that was the debate. is it another three times or another two times. >> and based on what we've seen recently, it's likely that three times will happen. your point is well taken. a median turn. how do we make sure globally that the central bank or u.s. banks that we protect this excellent momentum. it's going to be a matter of adjustment and being in a constantly list

the strongest demand from both the chinese side and the u.s. side has to stop the trade war and stop imposing more tariffs on each other's products this time both sides pledge to stop the trade war and develop good relations in trade or in a mass meant i think this is a major demand from both countries. wonder if will. china has already made a concession saying it will significantly increase purchases of u.s. goods and services it's an attempt to address u.s. president donald trump demand to reduce china's three hundred seventy five billion dollar trade surplus no details have been released yet but the countries have agreed not to impose further tariffs on each other while they continue to negotiate a trade deal. speaking in an interview with fox news u.s. treasury secretary steve new should have this to say for. the present we have a very good framework agreement that's not just about buying goods it's about structural changes it's about lowering tariffs that china has committed to lower tariffs on many things and make structural changes and protec

make surem line is t there is unitary voice on the u.s. side. secretary pompeo has met w kim jong-un twice now and there are certain understandings in place. it will be important to every reassurances e what was discussed. laura: have the south koreans overstated north korean enthusiasm to give up nuclear weapons, or have t americans misread what they heard? john: there could be misunderstanding in th beginning, but the secretary pompeo has met with kim jong-un twice now, first when he was diasctor of the cia, and the secretary of state. there was the opportunity to have the clarifying discussion on core ements. what the next steps will entail is part of what is being referred to as the denuclearization mechanism -- on purpose kept vague, but there was a lot of work to be done, but working towards a joint ed atration to be unve the singapore summit is a key priority right now. laura: president trump guarantee d the safety of kim jong-un's regime today. thow important t to the north koreans? john: in one respect i thinkan this iffort to try to ad

on the u.s. side and then on the chinese side we have people like lou her who is a vice premier very close to president xi jinping and like president xi jinping a hard core socialist. that's what the u.s. team are dealing with they are dealing with men who are hard core socialists because you know the commerce ministry is now basically controlled by by the party that's the difference this time around you know in previous talks between the u.s. and china the u.s. has been talking to you know people who weren't necessarily high ranking party officials this time they are. and there are reports that president xi and his vice president will meet the u.s. negotiated is that likely though if there is no deal reached i don't think so because president xi jinping doesn't normally meet foreign v.i.p.'s dignitaries unless there's good news attached and if there isn't a breakthrough then i don't think you'll see president xi jinping or his vice president one xi showing meeting the u.s. delegation and in fact pres

see on what happens from the european side and also what the reaction to that would be from the u.s. side as well. the head of the international atomic energy agency inspections team suddenly resigned on friday according to a statement from the global nuclear watchdog taro. will be temporarily replaced by the acting director of the office of verification in iran and i eighty a group inspecting tehran's nuclear facilities i mean fishel who resigned and been in office since two thousand and thirteen and played a key role in putting together the iran nuclear deal. georgie cosmonaut of each international affairs and defense spokesman for the france bowed of party believes that this could be a make or break moment for the e.u. and its relations with washington. macro and micro where in washington they said that they would try to to convince him not to change the agreement but until now is the boss is showing of the boss so. if they do not show any independence here. nothing will change the reduced be a small region of the huge us empire but if they act as the it sounds they will act which is g

u.s. forces-korea has no command over rok forces and it is an administrative order. on the korean side, you have the rok case of staff which controls the entire rok military. when decisions are made in conjunction with the minister and secretary of defense, they will provide forces, korean forces and u.s. forces to the u.s. forces combined forces command in order to raise the readiness level to be prepared to meet a threat. u.s. forces-korea provides forces. of u.s.ander forces-korea wears a fourth cap as a member of the military committee and he has a complex job. it is very confusing to all of us. those of you in korea know that the press talks about u.s. forces-korea. that has no role over rok military forces. it is the combined forces command and general brooks answers to the military committee. the military committee is made up of representatives of the national command and military authorities from both countries, -bothchairman chairman's, the secretary of defense and general brooks. those korean and u.s. military officers and civilian leaders determine the actions of the combine

because it's only right and russia trying to cut that supply nothing was meant from the u.s. side there for the dutch it is that all time high so that is the answer yeah and with with prices this high and my guess is that we will consider continue to see ramped up production in the u.s. and other places niamh islam we sure appreciate you being with us always delightful to speak with you the chief market analysis at think markets thanks for your time. thanks for. time now for a quick break but stick around because when we return at archie's ashley banks updates us on the big pharma circumstance the president trump is just finished discussing his plans not long ago in the rose garden plus danielle de barge you know both the founder of money strong helps us take a look at the economies of the eurozone and the u.s. and not for good reasons kanye west and beyond say are in business news we'll get to all of that as we go to break here the numbers at the closing bell the dow went up more than ninety flights today to complete a seven day run that's it will be right back. with no make this

suggestion an age when there are reports that president xi and his vice president will meet the u.s. side is that likely if there is no agreement. i think if there's no agreement then almost certainly president xi jinping will not be meeting the the us side he doesn't want to be associated with you know talks that have failed in fact president xi jinping has had other things on his mind today namely karl marx the german philosopher who still hundredth birthday is on saturday she jingping addressed a gathering of the communist party in the great hall of the people and this was a chance for president xi jinping to i guess demonstrate that car marks as one of his heroes and it was almost as if she jingping thought was being conflated with the thoughts of karl marx and of course she jingping wants the communist party to remember its socialist roots as part of his efforts to achieve the the great rejuvenation of the chinese nation and part of that rejuvenation at the moment is being tough with the united states not just in the area of diplomacy taiwan north korea the south china sea but also t

the strongest demand from both the chinese side and the u.s. side is to stop the trade war and stop imposing more tariffs on each other's products this time both sides pledge to stop the trade war and develop good relations in trade in a mass meant i think this is a major demand from both countries. and. china has already made a concession saying it will significantly increase purchases of u.s. goods and services it's an attempt to address u.s. president donald trump demand to reduce china's three hundred seventy five billion dollar trade surplus no details have been released yet but the countries have agreed not to impose further tariffs on each other while they continue to negotiate a trade deal speaking in an interview with fox news u.s. treasury secretary steve minutia had this to say for. the present we have a very good framework agreement that's not just about buying goods it's about structural changes it's about lowering tariffs china has committed to lower tariffs on many things and make structural changes and protect our technology so these

the weekend and i john there are reports that president xi and his vice president will meet the u.s. side is that likely if there is no agreement. i don't think president xi jinping and his vice president one xi showing will want to meet the u.s. trade delegation if there's no good news president xi jinping tends to meet foreign leaders foreign dignitaries when there is good news and in fact on friday darren president xi jinping has had something else on his mind namely karl marx whose two hundredth birthday falls on may the fifth on saturday he was addressing a large gathering of communist party officials in the great hall of the people extolling the virtues of marxism and also saying basically that the communist party leadership the membership as well need to remember their communist party roots as she jingping strives for the great rejuvenation of the chinese nation and part of that rejuvenation of course is standing up to foreign powers over trade adrian brown there in beijing adrian thank you. ten thousand people in hawaii have been ordered to evacuate their homes after the killer wa

to make chile join a joint venture with the chinese firms so this is one of the topics that the u.s. side and also alternations do not necessarily like so it's not that easy especially also the head of the treasury stephen muchin said over the weekend and we did see the reaction here on wall street after those comments from donald trump that he's not satisfied stocks dropped by almost two hundred points that use this session prompted by those talks china is lowering tariffs on new car imports is this the monumental move carmakers have been hoping for it is a little step and actually it might serve german carmakers more than u.s. carmakers if i have the numbers to write i believe b.m.w. they exported cars in the one hundred seventy eight thousand cars to china last year general motors for eggs for instance they hardly export anything with the cars that they sell in china they produce them in china so they are not part of those tariffs and anyhow and also the number of cars that forte is exporting to china is not that much so the big beneficial risk could become in these like b.m.w. or. so

as you suggest, there are several members, high-ranking members on the u.s. sideonly one who is on the other side. i assume the u.s. is saying this is so important, that is why we are sending so many people. wendy: i have to believe they understand that different people in this administration among the delegation have expressed a different views about how they want to solve this issue. so the chinese may try to exploit those differences and try to have side conversations with secretary mnuchin are larry kudlow, who seems to be more open to find a negotiated solution. orid: if you were advising on the delegation at this point, what would you say? this is the most -- what would you say is the most positive thing that would come from the united states? delegationu.s. should use this as an opportunity to put down their markers on concerns, but also to signal areas where they would like to see the negotiations had to. without giving the chinese some of whatn and some idea success would be, it will be very difficult to resolve these already very complex issues. shery: h

well those talks actually haven't even begun yet the u.s. side were due to arrive in beijing until thursday morning they'll have a meeting with the ambassador and then those first talks are due to happen on thursday afternoon beijing time there be a dinner in the evening and then the real talking will resume again on friday so not a lot of time to deal with the many complex issues now before them but these are the first high level talks to happen between the united states and china since the current trade friction began remember both countries are currently threatening to impose massive tariffs on each other's imports that hasn't happened yet but the deadline is the middle of june so not a lot of time left now going into these talks both sides have been talking up and talking down the chances of success china has said that he wants to see sincerity from the u.s. side and that it won't agree to anything that seeks to contain china's economy wilbur ross the u.s. commerce secretary had some very pointed things to say before he left washington he sai

when you used to make 1 dollar on the mexico side and $10 on the u.s. side, that was a strong incentive and motivation. multiply your income from 1 - 10. economic incentives work. but now, 25 years after that cap is reduced from tim 5 - 1. again, we are doing the job. nafta is working and in one more generation we will be on a 1 - 1 income. same as canada and the united states. and that's the purpose of the objective of nafta. so that we are having a successful mexico. that, then is about nafta. what we have today in mexico, we have an election coming, july the first. and finally, this dilemma, the two options of having on one side populism and demagoguery and false prophets and on the other side, responsible government, respect for freedom, respect for democracy, respect for human rights. this is the successful world, the world that has accomplished great things, it is not one nation that i know of, maybe argentina more than venezuela with the mentors or in cuba with the castro's, or the leader in nicaragua today. those are obsolete, they don't work, they c

also underscore strength on the u.s. side which is our state department though it is decimated, we have extraordinary civil servants, staffing the back channel and trying to summit [indiscernible] [applause] to oft concludes round the intelligence -- two of the intelligence roundtable. [indiscernible] [applause] >> now we move on to around three. round three will be closing statements place debater in turn. speaking first for the motion, ambassador jenkins, from the brookings institution and former state department official. >> i hope you all enjoyed the debate, and i just want to say, one thing i did not talk about is i have been 22 years in the military. i was in the navy and air force, then switched to navy reserve. during my time, i did one of those tours. i did one of the military exercises, one of the exercises north korea is concerned about. it was a great experience, and i met a lot of great south koreans, made good friends, and it was a big exercise, all the branches of the u.s. and soviet -- soviet, south korean mil

of course, we have also heard from the u.s. side, the likes of the secretary ross saying, don't expect a major breakthrough. if things go and -- don't go the the u.s. helps, they may cut the trip short. the u.s. helps, they may cut the trip short. we have heard from the u.s. embassy in beijing that the delegation will be arriving imminently. they will go to the ambassador's residence to the embassy. the u.s. helps, they may cut the trip short. to meet with the ambassador terrie broxton. they will go to the chinese government, and then they are having dinner with their chinese counterparts on the talks continue tomorrow. eyeill be keeping a close on the developments here. do not expect any major breakthroughs. that is a signaling we have heard from the chinese and u.s. sides. usid: tom mackenzie live for in beijing to we need good news. have a look at markets into the session. roughly 40 minutes. the session lows in him -- in hong kong, asia shares down. your small caps index, down about 27. that is 1.5%. haidi: not really much of a

the other one is on the u.s. side. i think the u.s.ile corporations are more than willing not only to sustain nafta but improve it because of the only way they can remain competitive. that's what they need to be able to work with canada, the united states, and mexico. everybody will have its part of the deal and everybody will be winning through that. shery: to your point on wages, the u.s. wants half of the cars made within nafta to come from workers who earn at least $16 an hour. does that work for mexico? vicente: something like that. i don't have exact figures, but it would. 60% of the automobile is imported parts from the united states. it is providing jobs and labor to the united states with the same automobile produced in mexico. it's a win-win situation. shery: right now there seems to be a drive to get any deal done, a deal in principle. is any deal better than no deal at this point? vicente: not for mexico. if mexico does not get a good deal and improve it, mexico will be happy with withdrawing. we are working on plan b, whic

maybe that clears the way for a give and take from the u.s. side. but there is still some decent and struggle over the white house over the right approach to china. >> all right. joe. our bloomberg congress editor. much more ahead on "daybreak." we're going to break down 10-cent record profit. and also the 1 billion user mark or the first time. >> who is running with the bulls this time despite volatility? this is "bloomberg." ♪ betty: i'm betty liu in new york. haidi: and i'm haidi lun. jim bullard is an outliar when it comes to fmmc officials. he's been trying to pushback against the view that the u.s. economy is at risk of overheating and it requires rate hikes. kathleen should stop giving forward guidance. >> the whole idea that you're naming the number of rate hikes way out in the future when you don't know what the data is going to be is something we should get out of the business of doing. >> you mean the dot points? >> i don't think when you're at zero and you're giving forward guidance. but we're not at zero. we never gave forward guidance

u.s. out of the nuclear deal with iran. he called it, quote, horrible, one-sidedective, and is rallying to impose sanctions. germany and the u.k. says -- say they regret trump's decision. they expect iran to show restraint in its response. they say they will not remain passive if the u.s. initiates a confrontation. david: first chapter of what seems to be a long book ahead. where we go from here, no one knows. let's get -- let's make some sense of this. big deal? >> i think it is a big deal. the market was expecting trump to walk away from the iran nuclear deal. if you are in oil bull, you can not -- could not have asked more from trump. david: what is next? let us know how the massive changes with supply. perspective we went from 4 million to 2.5 million. where does that number go? from may 12 we will see the imposition of secondary sanctions. countries need to be in compliance with those sanctions by november. if you look at what happened the last time sanctions were imposed, we saw iranian production and exports dropped down 600,000 barrels a day. ofyou think o

on one side, we had the u.s. ssador on china saying that the two sides are still far apart when it comes to the trade talk. on the other side, larry kudlow, one of the economic advisers to the u.s. president, in interviews talking about a bromance between the u.s. and chinese president and this good relationship the two are having could eventually lead to a successful trade talk. but it is really wide open if those two biggest economies on the planet will find some common ground. helena: jens korte for us in new york. thank you. finally, we all know that the way we work, what we earn, how we live, are changing at a lighting speed, as commerce and industry changes as well. so to keep up with the trends, do join us for made in germany. that is dw's new business magazine holding into everything. -- delving into everything. don't miss our first show coming up in just over one hour. or catch up anytime on our website, dw.com/business. and it is back over now to brent. brent: wow. makes you want to do business and go da

i'm finding out what the people on the u.s. sidenk about all this. >> what's your name sir. >> hermannis. >> tell me about arizona. >> i got family both sides my mother born over there my father over there. >> in those days it was easier to go become. >> after then the crossing was difficult to business start dying. now empty. >> you see a lot of businesses are closed. >> oh, yeah. the kmoo he is terrible here. it's not a lot of stuff to do. >> so you think it should be easier to go back and forth. >> yeah, that will help. i live here and i got a restaurant over there. >> you have a restaurant over there. >> yeah. >> what what kind of food. >> mexican food. >> i thought maybe. >> marguerita abtech la is on me. >> leo as. >> leos on facebook. >> it's on facebook. >> check out the cafeteria. >> it's on facebook. >> on facebook. you can't miss it. >> you're you'll invited. >> don't invite everybody. >> bring anderson cooper. >> now we got to bring anderson, see how that going. >> hermann is right. we're in downtown in the middle of the

on the u.s. side you have a lot to offer to north korea. as long as they promise to denuclearize. i think china has many things to offer. south korea has many things to offer, u.s. has many things to offer. gets many things in return for denuclearization. it economic assistance, security guarantee, diplomatic normalization, and so forth. these are things they cannot get. the issue is that they have to denuclearize. i think the outside world should work together to encourage and induce them to move in that direction. that is what we should study carefully, what we should do. >> you first. koreans have a kind of dna , integration. we are always very sensitive. if china is too much, we are willing to fight back. we still want to have a cooperative relationship. china is huge. if we understand the history and the blood of koreans, i don't think north korea will ask the united states and south korea to withdraw. if the relationship between the united states and north korea is hostile, they are going to ask to with draw. if they think the relationship is good, the united states presence

at the eventually need to give and because the business interests are just so far in favor of the u.s. side it's a very complicated situation for europe but then on the other hand it's also a chance in the end europe can his show that it is capable of acting together acting united and that's what we're seeing right now we have seen a joint statement just after dawn the time to announced that he wants to leave the aryan deal we see that europe is trying to make some sort of a united approach is trying to put something together not only with fronts england and germany but also with russia with china on what one m.p. today said we have to find a way to will walk to work around the white house and the idea is to in the end work around the white house and find a solution for will quite similar to solutions found on the climate accord from from paris only. took the u.s. out of the climate agreement on what happened was that all the other countries tried to work with united states it's like the united states states or companies but work around the white house and find agreements with other players

north korea's news agency saying that we would like to make note to that u.s. side again that we have the intent to sit with the u.s. side to solve problems at any time. in a tweet, president trump remarked, very good news received from north korea. we will soon see where it will lead. hopefully too long and injuring prosperity and peace. only time and talents will tell. democrats say the canceled meeting is only evidence of poor planning. >> he didn't know what he was getting into. and now he was -- is walking away from it. >> reporter: trumps saying the dems have lost touch. >> if the other side won't come to the table, there's no reason to go there and sit by himself. >> reporter: holding an emergency overnight meeting. in a statement that he is urging on both these leaders to settle their differences. in washington, caroline shively, ktvu fox 2 news. >>> a third lava flow from the kilauea volcano is hitting the ocean. usgs released new drone footage of that lava flowing down to the coast. eruptions began on may 3, and it destroyed dozens of buildings and has for

that would be fantastic but there are some real challenges to getting that done and the more the u.s. side of particular talked about the libya example the harder it is to get north korean elites to go along with the strategy because in their minds the libya example is either death or prison and neither one of those outcomes sounds particularly attractive so if you were a north korean elite the last thing you want is the libya example repeat it again i guess the word korea yeah i think you're referring there to what the national security national security advisor john bolton had said in which he used. that example if you think that that is perhaps what what what killed it for food for the north koreans and what led to their tougher rhetoric on this. well i think if you look back over the history you know this is not a regime that's been easy to deal with no matter who's in charge but i do think that the use of the term libya and the repeated discussions about unilateral disarmament are very difficult kind of language to use before you even have the opportunity to sit down and meet for the

when you used to make $1 on the mexican side and $10 on the u.s. side, that was a strong incentive, strong motivation to cross the river to your walls. who of you would not go from multiplying your income from 1 to 10? i mean, economic incentives work and this one worked, but now 25 years after that gap is reduced to 5-1. again, we're doing the job. nafta is working, and my forecast is that in one more generation, 25 years more, we will be on a 1-1 income. same as canada and united states. and that's the purpose, that's the objective of nafta. but this disruptor comes in comes in thinking that he knows about economy and comes with the wrong decisions and at the wrong time because as i said nafta is working. we just have to be patient. yes, another generation, so that we have a successful mexico. that's then everything about nafta. what we have today in mexico, we have an election coming, july the 1st, and finally this dilemma, these two options that have been alive in latin america. on the one side populism, demagoguery, false prophets, and on the other

say he basically accepted thormse of a negotiation -- those terms of a negotiation, he knew the u.s. side would be pressing for your definition of dismantlement? mr. pompeo: yes, senator. i don't know how -- yes. i don't know how you would read the administration's statements over the past months and then have secretary of state walk in and repeat them and not at least understand -- yes. i think the answer is yes. mr. johnson: so with that understanding, he still released three hostages? mr. pompeo: yes, that's correct. and agreed to have a summit on june 12 as well. and agreed to send teams to prepare for the june 12 meeting between the two leaders. mr. johnson: the point i'm trying to make is the administration has been crystal clear, completely consistent. the result of your meeting was still to release three hostages. so what's changed here is kim jong un's approach to this thing, correct? very disappointingly so. mr. pompeo: i regret the statements that north koreans have made over the past few days. and the fact that we've not been able to conduct the preparation between our two tea

u.s. the two sides recently decided to hold off punitive tariffs on each other's goods that's well negotiations on a deal to narrow china's trade surplus with the u.s. continue it looked as if a trade war had been averted but now president trump says that he's not happy with the deal so far. for the insult is on wall street for as he ends it seemed like a done deal now trump isn't happy what happens now. it will take time and that's what old saw you as president donald trump said that it will take a little while before there might be a solution to the trade talks but actually i'm not really that surprised because if you just think back a couple of days the u.s. government was talking about they want to reduce the trade deficit with china by two hundred billion dollars so that's not an easy task to achieve and one of the things that are still on the table is that if you as a foreign company if you want to do business with china you mostly have to make chile join a joint venture with the chinese firms this is one of the topics that the u.s. side and also alternations do not necessarily like so it

end of the bargain but trump cancel the meeting anyway and even though the decision came from the u.s. side the white house seemed excited about it prior to the meeting of the white house released a commemorative coin depicting the two leaders a meeting all smiles a to honor the peace talks and the peace talks were seen world over as a positive development and trump didn't shy away from taking credit for it i even saying that everyone said he deserved the nobel peace prize but towards the end of the letter trump sent to camp today terms said he was looking forward to meeting with kim in the future but considering everything that's just happened recently perhaps north korea should be cautious and dealing with the u.s. . what terms cancellation he says was triggered by a statement made by north korea's foreign ministry and that came in response to comparisons made with libya from the u.s. vice president to pyongyang labeled a political dummy. this will only end like the libyan model ended if kim jong un doesn't make a deal some people saw that as a threat and i think. john bolton made that st

once again that we have the intent to sit with the u.s. sideways at any time. the president stopped to talk with reporters on the south lawn earlier today calling the statement from north korea very nice. >> we're going to see what happens. we're talking to them now. it was a very nice statement they put out. we'll see what happens. we'll see what happens. it could even be the 12th. we're talking to them now. they very much want to do it. we'd like to do it. we're going to see what happens. >> president trump has been backing out of deals he believes are bad for the country since he took office. let's take a look back. on january 23rd, 2017, his first full week day on the job, president trump made good on his campaign promise to pull out of the 12 nation transpacific partnership trade deal or tpp. he once called ate continuing rape of our country. on june 1st he announced he was pulling out of the 2015 paris climate accord signed by 195 nations. he said it imposed unfair environmental standards on american businesses and workers and wanted to n

in the coming weeks or i mean we should not accept any drastic changes in the policy of from the u.s. side now whether this is a very strong powerful tool that remains to be seen you should not forget that even when it is applied it is still up to the e.u. member states themselves to apply true their own legislation and then let's not forget that sanctions like the are mainly a political matter and not so much a matter of legal lever legal matter it's more opinion political power how likely to think it is that the u.s. would actually impose sanctions on e.u. businesses. it happened in the past let's not forget even in served in the eighty's there been moments when the us applied sanctions on the steel industry shouldn't cetera when we should not forget the e.u.'s u.s. does apply when there is in an interest they're not that different from any other countries they just have more power to implement their will now whether this situation. it's all very dirty for the same time it is without historical precedence even the comparison with ninety six there's not really apply because this goes real

u.s. it's a very good point that we can start with. on the european side, on the u.s. ightly different situations. i think in this dimension europe is lagging behind in terms of timing. maybe three years, what's happened in the united states, which is why you see the comment from the bank of england or the comments from the ecb, which is still in the easing mode, even though they're tapering. on the u.s. side, it's going to be a matter of growth. how well the economy does. and candidly of inflation. and there is no question today, which is probably a good thing in the united states, it's picking up. see the fed hiking another three times in 2018. maria: yeah, because we've got a strong economy. that was the debate. is it another three times or another two times. >> and based on what we've seen recently, it's likely that three times will happen. your point is well taken. a median turn. how do we make sure globally that the central bank or u.s. banks that we protect this excellent momentum. it's going to be a matter of adjustment and being in a constantly listening and ob

the u.s. side was easy. but the korean side had a huge pressure. the exercise was really helpful, however, i remember is the korean side spokesperson said we are prisoners of public opinion. challenge as to how the korean government can cooperate with japan. and i think that is a big lesson. there is a big lesson we have learned. two, plus two plus two, big help. for the setting up of sharing information and strategy and sometimes, itso, is very good for creating trust. it was a big achievement. some negativead feelings towards the korean government by the japanese people, we call it korea fatigue. it means the japan and south korea and governments agree on the history issues such as compensation, however, the south korean government changed position after we made agreements. says they are the prisoner of public opinion, so are japanese. i japanese leader is a prisoner of public opinion. so some similar negative things happened during contingency that is very difficult for japan and the united states and south conduct coordinate and appropriate act