two foreign ministers joinery on ho on the north korean side secretary of state mike pump on the u.s. side and then the other two participants are interesting because we have kim young child who is an expert on the north korean. clear program on the north korean side and mike will they had lots of hats for the white house but certainly doesn't know much about new clears nuclear affairs or about north korean affairs when you look at those two teams on either side it looks what with the detail the north koreans might have the advantage well definitely it does seem like it's personally going to have them working on this issue for years whereas on the american side they don't really have much expertise on i don't know it coolio or nuclear hang on a minute they have someone who's worked on this for years and they keep him away from the table john bolton yeah that is that is a very good sign for north korea that he couldn't or didn't join the negotiating table why is that what do they think of him the north koreans north john bolton is the national security adviser of the u.s. is normally you'd

no one on the u.s. side do not completely you said what's going on. so even the high-ranking briefing by the u.s. official to the japanese high-ranking official doesn't fully convince us, right? the short range and mid range missiles may be not in the deal. there are some issues that, you know -- like the abduction issue that we are very much interested in. although the public is not as emotionally attached to the issue as a couple of years ago. but still it's a big issue. and the biggest fear is u.s. forces in rok and the kind of deal that president trump might sort of make with kim jong-un. i don't think that's going to happen. but he's been hinting that consistently. so maybe not now, but like, sort of in the future, sort of arrangement. if that comes up, that would worry us a lot. i think if that happens, there will be a revolt on the u.s. side as well. i was quite shocked about the action of the republicans when mr. trump said he's going to retreat from syria. many of them were quiet on the domestic issues, but many of them came out and said we ca

and we never talk about the u.s. side of who is moving drugs and , who is moving money, who is laundering money. this is all something that is clearly happening. this isn't something that stops at the mexico side of the border. it's something that is a continuous presence throughout central america and into the u.s. and i think it is unfortunate investigate,s research, and talk about central america and never about the u.s. side of this. because it does exist. and as for cartels and gangs, it's country-by-country. like,, yo you know when i was , working in el salvador, it was a very different environment for me in mexico. in mexico city, i walked the streets and had a pretty normal life. in el salvador, almost every area of the city is controlled by gangs, very few people out. people are always in a car. people congregate at shopping malls. it felt very restrictive and dark for me. so it really depends on where you are in terms of what gangs and cartels are running things. and it evolves quite quickly. there is old cartel

u.s. pull out of the treaty is this an escalation well rebecca from the russian side this is certainly more of a tit for tat reaction the mere putin today said the u.s. is pulling out so we're pulling out the u.s. is looking into building new weapons so we will do the same and this is very much the russian side kind of shifting the blame for this whole i.n.f. treaty basically falling apart to the u.s. they said today as well putin his defense minister and the foreign minister that actually the u.s. they repeated this accusation that the u.s. has actually been violating the i.n.f. treaty itself for years and they also said that it would be perhaps wise to conduct inspections into whether the u.s. is complying with yet another nuclear arms treaty the new start treaty so what we're seeing here is very much the russian russian side shifting the blame to the u.s. what is of course warring though is that they are talking openly on the russian side about what new weapons they could develop worrying indeed and putin has reportedly instructed his ministers not to initiate disarmament talks with the

in moscow has become possible just because the taliban before that had successful talks with the u.s. side speaking about what is going on right now here in the russian capital many believe this is a historic event into afghan dialogue for peace has brought many different influential opposition forces with one common goal to discuss ways to bring the long awaited peace to war torn afghanistan why is this so important because these are those who can practically change really change things on the ground this is why it matters the keeper of participant is of course the taliban we have already mentioned how incredibly powerful they are but among those taking part are roles high profile figures former politicians very experienced people like the president of former president of afghanistan former interior minister foreign minister one of the current presidential candidates and many others and for the first time they set together and they discuss what they could do practically on the ground to achieve their common goal peace in afghanistan interesting though is that and this is one of the bigges

how do you leave that to the u.s. side to debate. >> i think it is a u.s. decision. who wins a withdrawal? if you have an answer for that, then you have to follow the consequences. my personal opinion is that nobody benefits from the withdrawal of nafta because up until we have the usmca ratified to encrypt competitiveness and cooperation, to increase trade, if you lose that legal framework, what do you do? or more for you because am running out of time, you were in the room and am so curious because this was a very ,nteresting process to follow when did you know this agreement was coming together. or when were you the most scared of is going to fall apart? >> that is a good question. you know until the very last moment that the negotiation is going to include. you have a sense that things are going well. you don't know if the agreement is going to be finally done. this time it was very atypical because we were coming from an agreement in principle between the u.s. and mexico and we were waiting for canada to do their part. strange to be not at the negotiating table.

world until now high transport costs have kept american liquid gas off the german market now the u.s. side says it expects the price of the fuel to drop dramatically in the next decade . now to some of the other global business headlines more energy new u.s. crude oil exports into europe have hit a new record in january shipments amounted to six hundred thirty thousand barrels per day still behind russia and iraq but above other opec producers higher u.s. oil exports have been helped by lower supplies of iranian and venezuela incurred. india's antitrust commission is looking into accusations that google of uses its popular android operating system to block rivals the body has been. viewing a case similar to one google faced in europe that led to a fine of over four billion euros last year which google is the now appealing. german car maker b.m.w. is recalling half a million cars that could be equipped with faulty airbags the safety devices and five an x five series cars can inflate unexpectedly hurting passengers the company previously had to remove faulty airbags by now defunct japanese s

so for me i know, on the u.s. side of the border, i won't get this story. so i want to juarez and scouring the town, migrant shelter and went to this point where all deported immigrants are dropped off and i started talking to people there and i found this woman who had been separated from her son. of was from mexico, an area mexico that has a lot of drug cartel activity. she and her son. her son was older, he was 17 and their house was burned down by a ocal cartel. there was a cartel turf war going on and fleeing that violence and when they crossed into the u.s., they were separated and her son was immediately deported back to mexico. and she was sent to detention and said you can request asylum and she's thinking my son was just sent back to a very dangerous area where he is alone and i'm going to sit in detention for six months to a year waiting to request asylum. she self-deported, i'm going back to get my son. met her in juarez where she had just been deported. and when i was interviewing her for this story, she got a little ding on her phone, a notifi

u.s. put on a show of unity and talks over importing liquefied natural gas well because at a different front both sides are engaged in nasty spat over a pipeline project that the u.s. says will deepen europe's energy dependence on russia so germany agreeing to buying more u.s. gas can be seen as an attempt to gloss over these differences. the controversial north stream two pipeline is being built here to bring cheap gas from russia to germany but now berlin looks to be eyeing other suppliers. economy minister picture of meyer says two german terminals could soon be receiving shipments of u.s. liquefied natural gas a move he said was not in response to u.s. criticism of the pipeline. now and this could be about the no there's absolutely no deal involved germany has its own interest in diversifying its gas supplies and gospel to divest if you'd see them and we also have an interest in developing our trade relations with the u.s. in such a way that we can achieve not higher but lower tariffs and levies on industrial products and. industry productive. u.s. deputy energy secretary danbury yet downplayed dif

some realave been sticking points outlined by negotiators on the u.s. side including around ip. is there any give on that? you can imagine the u.s. which is absorbing being shut out of tpp saying any deal is better than a bad deal. those are going to be the areas that the chinese are most wary about. striking a substantial deal. what they are signaling is, we are compared to buy a lot of things from the united states. apples, almonds, ge engines and boeing aircraft. ultimately, they will be a little bit wary about deep structural forms associated with i.t.. we will indicate a couple of areas that they will want to show flexibility in the hopes that that will be enough to satiate the united states at least at this current juncture. >> with all of the fears out there around trade, we are understanding the deadlines loom portray deals to expire with the u.k. because of brexit. that is many non-european nations affected. we also have our central bank governor warning the global slowdown could be the outcome of trade wars. does that work into enough pressure for an agreement here? >>

we're waiting to hear from the u.s. sidehinese side about how the negotiations this week went, whether they were able to make headway on some of these very thorny issues or are they really just going to kick the can down the road completely in the hopes that the leaders of both countries can make some progress overall. it does seem both sides left these meetings with positive feelings. >> matt rivers live in beijing, thank you. >>> freshman democrats made a big splash in the new congress creating viral moments while also making themselves targets frs republicans. at her weekly press conference, house speaker nancy pelosi was asked about their influence and like a congressional den mother, pelosi says they make her proud. >> welcome to the democratic party. we are not a rubber stamp for anybody. we are not a monolith. we never have been, and who would want to lead a party that would be described that way. the members come, they bring their enthusiasms, their priorities. we welcome that, and they are not programmed. they are s

the right to respond i think this is more likely to be a response to the rhetoric we heard on the u.s. side and just the the russian rhetoric as it were russia really doesn't respond well to the language of alternate him and i think they're making that clear with this harsh response the other thing i think is just basically a testament to how bad relations have gotten we've heard a lot of anti u.s. rhetoric in the build up to this decision head of the decision today russia was accusing the u.s. of not sticking to its international obligations of not being open for dialogue at all and i think what we'll continue to see in these next six months when the withdrawal the withdrawal period is basically both sides continuing to trade accusations and we know that russia for its part they say that they're ready to talk in order to keep this pact what would it take to get those negotiations to happen in a way that's productive. i think that any movement on the i.n.f. treaty at this point is largely impossible i might say especially because russia has all along denied actually violating this treaty th

cards that you can play or negotiation just wheeling out your leader is a big concession from the u.s. side the u.s. i think making concessions by having both of these meetings at this level in the north koreans you could argue have not given as much president trump for the last few hours been away from the camera he had those meetings with the vietnamese leadership with the president and the prime minister a little bit earlier on and since then he's been in this hotel we can only guess what he's been doing but i suspect he has access we know he has access to his cable t.v. i'm sure he has access to watch us channels i'm sure he's not necessarily watching out his ear i suspect he's watching fox news and i suspect he's listening to all of those comments about michael cohen the man he trusted his closest adviser his lawyer the man who i'm sure he now regards as a traitor as he's turned against him and is prepared to spill the beans on absolutely everything to do with all of his business dealings his interaction with the. star letters to the colleges and schools that donald trump attended appa

sides to come to any agreement. he certainly putting a brave face on it but in this half hour more than a half hour news conference pretty clear that the u.s. didn't want get what it wanted and was confronted by very tough negotiation from the north korean side we'll examine this all in a little bit more detail just a moment but let me just get through i think some of the other parts of this wide ranging news conference because it wasn't all about north korea some important news india pakistan first where he said there was some reasonably attractive news the u.s. had been in the middle trying to help that situation the other very important story of the last few days maybe important developments there secondly one mention of that congressional testimony on michael cohen he got the answer out a net and enter into question from a.b.c. news and then spent the rest of the news conference of voiding american reporters never before have so many asian and chinese reporters being called on in a white house news conference because he wanted to talk about the situation even it's definitely not a win situation with regard to north korea but he certain

nuclear program has been their ticket to survival all of the three on the north korean side on the u.s. side really not experts in asia not experts in the nuclear program president trump doesn't know any of the details of this might vainly has had various jobs in the white house he's certainly a talented guy a former congressman he's been in charge of the budget office he's now the at the acting chief of staff but he's no expert in north korea or nuclear physics the one who perhaps more than anyone else is also an ex congressman but then did quite a crucial job that i think gave him a real insight into this he was the director of the cia it's actually in that capacity that he first went to north korea east the last year and met kim that was the first high level meeting that took place of course a few weeks after that he became secretary of state so among the delegation there tonight at this working dinner most of it will be social when they do get down to the substance might pompei ohs the the greatest expert on the u.s. side of the table james thank you very much for that for now that's. al

so, that means for the u.s. sideit's not just preparation for our own agency and with a is the plan. we have to prepare a plan for the north koreans, because they, like they can't negotiate, i think, a jcpoa on their own. they need help from the other side. and so, it's double preparation in that sense to really be serious about this and of course, we had the complete opposite of it going in to hanoi, like i said, it works the first time when you are having the first meeting and they are just saying, four nice principals. but when you are actually, and there were expectations this time. they had to make tangible progress. >> expectations that they set. >> that they set, right, that they set and the -- and to go in to it and have nothing ready to go is inexcusable. >> getting passed the page and a half. thank you for joining me and thanks to you as well with, that will do it for me. join me saturday morning. 8:00 eastern time. and stay tuned for continuing coverage of the hsummit. >>> good morning, everyone. it's thur

the u.s. side is led by robert lightheizer, and the question is now after communicating that march isst is a firm deadline, what concessions would lightheizer require to extend that the u.s. has proposed a ten-item action list arks korgd to my sources. these deliverables are things that could be proven in the short-term, like additional purchases by china, and they would be needed by the u.s. side in order to secure this deal or this extension reuters is reporting that the two sides are building out these agreements on six separate structural issues. although this is not expected to be an easy overnight fix those memoranda of understanding. in the meantime, though, importers are trying to game out shipments for next kweek trade attorneys say the white house would feed no to change the language in the federal renlster at least three days in advance of that deadline for it to be effective on march 1 st. companies need to figure out exactly what this is going to look like, and whether it is indeed goi

what's the proposal from the u.s. side on enforcement? what does enforcement actually look like? to get that curve and i don't want to dig into any details -- that is the ambassador's domain. all i can say is it's a key subject, it was agreed to be discussed by both sides and it was the cost. i think that plots some new so it is too early for details but all i will a is it is on the table. that kind of enforcement discussion and ultimate resolution would be central to any sort of agreement. but again, the president is broadly optimistic and most of the trade team -- we like the talks with china. they had a good vibe, if you will pardon the phrase. room. so take me into the i want to understand the urgency on the other side of the table. we just saw a really strong manufacturing number from america. i don't see anything like that in china. did you sense urgency from the chinese delegation to get something done? >> yes, the answer is yes. the chinese economy is softening, there's no two ways about it. i don't want to dwell on that, but that's the reality and everybody knows it. sho

and how to satisfy the u.s. side. they are the reluctant party. the u.s.eeds to find a way to make them feel that it's going to be a win-win deal of some kind. we're not there. >> shery, you'll have a keen identify on that. >> we're going to be watching for what we expect this week to be am bam door's meeting with president xi. both sides want a summit with president trump and president xi ping. we don't know when that could happen. but to your point on how china has been quite muted, is that really we have heard from president trump calling him a good friend. president xi hasn't reacted that much to that. a lot of speculation right now because of the slowing chinese economy perhaps the u.s. has an upper hand here, but yesterday we saw a data traded from china showing exports have rebounded much more than expected. recouping some of the loss that is we saw in december. gaining more than 9%. perhaps a little bit to o do with the lunar new year holidays. but still not showing exactly all that weakness we have been talking about. >> the power plays continue.

this week in beijing, the u.s. sidet only about what they can agree to, the u.s. side has made it clear they want verification measures. talking about how do you prove to us you will improve ip enforcement and punish those who steal intellectual property is going to be difficult for the chinese side to demonstrate concrete progress on that. that is with the u.s. side is looking for. amy celico of albright stonebridge and degrees chisholm of fidelity. vale dammath of the collapse continues to play out. this is bloomberg. ♪ viviana: this is bloomberg daybreak. coming up later on balance of power, gregory dots , former u.s. -- the former u.s. nuclear regulatory chairman. this is bloomberg daybreak. tesla has been upgraded to a by. the price target is being raised to $450. in a note written to clients and analysts, says the electric carmaker should enjoy more --bility thanks to a colmar to a calmer demeanor from elon musk. says -- the ceo hopes to finalize plans by the end of the year. boeing and airbus are readying pro

he confirmed for the first time that he and the delegation from the u.s. side are going to be going to china next week for negotiations here's how he phrased where things stand right now >> we are trying to reach a comprehensive agreement on a large range of issues. the good news is we have been talking about these issues for over the last year these are everything from structural issues to forced technology issues to the long list of issues that were in the 301 report and we are also very focused on free and fair trade for u.s. companies to have access there and to have a more level playing field. >> i think you have to call that some cautious optimism here from the u.s. side. we'll see whether we get any news out of that delegation next week meanwhile, here at the white house, in the next half hour, we're expecting the president to announce david malpass to head the world bank we expect to see the president in the white house just within the next half hour's time making that announcement and perhaps taking a few questions on unrelated topics so we'll bring th

so we have a challenge, because, from the u.s. side, the challenge is on the farmer side, i would say in agriculture, so they have taken the tariffs on, exports to jarp, apan and while tpp is now in, effective, and so we have the lower tariffs, from australia or something like that, why we have the higher tariffs. and so i suppose on the u.s. side would be sticking to this in the lowering type, because for farmers, it is a critical importance to have an achievement either this year. why? in japan, we have the program also for the farmers. i mean so yes, while we have agreed on tpp, including the u.s., to reduce the tariffs on agricultural goods like meats or something, but, okay, the u.s. has withdrawn from that. and we have to begin the talk from the scratch, with the u.s., and it seems to be, probably by the farmer side, it is a kind of loss of their advantage, and it is, it affects politically, not so good, so i mean, so as if, in the japan made some concessions on that. so this is a very tough talk. and from the japanese side, ther

statements can change from day to day from minute to minute so that is that is something on the u.s. side but more importantly the taliban leaders themselves kept the secret of mullah omar's death for three years from their own people so this was an organization has a track record of lying to its own people as well as to the rest of the world so i don't think at this point we can put much stock in what the taliban says we have to focus on what the taliban is doing but then the fact that the u.s. envoy did say there have been quite agreements in principle towards a framework agreement again maybe i'm being. too almost positive here about the chances here but it's seems like the right noises there and that's coming from the u.s. envoy. well the u.s. envoy also said that nothing is agreed until everything is agreed and said that much time is needed to complete the agreement which needs to include a ceasefire and remit on interim afghan talks which the taliban have not yet agreed to so if you look at the totality of what has happened yes there are very promising signs and i would say it's the

initially have a tete-a-tete, just the two of them, and with their closest advisers, mike pompeo on the u.s. side couple of others , s they wi down for dinner. double be the start of the summit process command and the heavy lifting starts the following day -- that will be the start of the summi process, and then the heavy lifting starts the following day. i was on a call on ariefing for white house officials last week and they couldn't even define what menuclearization s. yes, a lot of progress has been made in the last 8 months since the singapore summit, but there is an awful long way to go. laura: jon sopel in hanoi for us, thank you. for analysis on what we can wpect from the summit i spoke earlierh jean lee, director of the center for korean history sod public policy at the w center. the first summit with kim jong-un led to a commitment to nuclearization. does this need to explain and one put flesh on the bones of that?: jeat statement from singapore had only four very broad points. it was very wide open for interpretation. e at we need to see this t much more detail, a detailed roadmap that

targeting venezuelan state oil billions in assets will be affected my question to you is what about the u.s. side of this will u.s. companies be hurting as well well you have proprietors undertake who are looking for alternative supplies. and. don't permit them to transact business with a p.b.s. say the state owned oil company so we're already seeing where we thank and who are opposed this we are number of cargo that worth it in venezuela are now sitting there and that well will not be coming in the u.s. gulf coast. what about madeira he wants to sell is oil that obviously the financially in tatters at the moment needs everything he can get his hands on in terms of money how can he sell this oil to someone else. well the sanctions clearly are impacting the u.s. companies from transacting business with venezuela and we're already seeing the european union looking at taking a similar type step so with euro was going to be faced with trying to sell additional quantities of oil to russia or china or even india and keep in mind that nearly half of the venezuelan crude oil production today is going to

approach to syria when the us troops pull out of the north of the country to hammer this point home the u.s. side pointed out the terror attacks that have taken place in europe in recent years were a sign that europe needs to be more involved on the ground in syria twenty fifty one hundred thirty people killed in paris twenty sixteen eighty six killed in these twelve killed and christmas truck bombing in berwyn and twenty seventeen thirteen killed in spain so does it matter what happens over there hell yeah it matters it's hard to see that being palatable to angola merkel at all in fact most european nations and especially germany have been willing to send troops to syria also even to engage militarily at all we heard also on the subject from study for all of the russian foreign minister he chipped in with his opinion of what mike pence that had to say it was additional people on the regarding various plans being made by the countries on syrian territory illegitimately and especially the plans to get even more illegitimate players involved i think these are counterproductive for syria in all its

and europe is to have to renounce their their relationship with their would you saw again on the u.s. side there sure are that that will be much more. interest to enhance their presence in russia much of the current situation we did congress again coming back even threatening its president to announce this new round of sanctions if i see what about to do to russia. and the russian finance minister has expressed russia will prefer resistant sanctions what's your take on that. and you know as russia is in a position to be more of a side of the past of course there are some valuable has to be there in order for russia to be more aside and first of all of course. the price of oil which has been. around sixty three point five for the breadth of the above and that must be in place but i really believe that russia has the possibility to to be more resilient of course and a good impact will be short but to get. the public financing russia great i think what you have the percent of g.d.p. g.d.p. ratio you have foreign investment coming into bonds let alone what happened with the discharge of multip

the statement says that the u.s. side like the forced technology transfer and like some of the other issues that the u.s. side has been hammering on throughout this process they said that the two sides also discussed china's pledge to buy more u.s. goods. but it does not say what the outcome of those discussions was. it does say that there is much work that still needs to be done and that a lot of work remains here and that the talks will continue in washington next week. so now that is confirmed by the u.s. side as well that the chinese officials will be coming to washington to continue these talks. but according to the white house, detailed and intensive discussions but much work remains. >> help us here in terms of just reading between the lines. the much work to come, does that suggest to you that there's any chance that we could have a deal by march 1st >> it really depends on the two presidents here and whether president trump feels like there's enough progress that has been made to essentially bypass that march 1st

says those students were misled students me had been into enrolling indian university we have urged u.s. side to release them from detention at the earliest and not through resorts deportation against their well it's reported that some of the indian students did think that university was genuine the indictment though says no they knew it was an illegal scheme that would allow them to stay in the u.s. they hoped each of the foreign citizens who enrolled and made payments the university knew they would not attend any actual classes in credits or make academic progress towards an actual degree in a particular field of study. jake i'm sorry of the hindu american foundation told us this type of operation shows that a major flaws in the immigration system. these hundreds of students have been arrested it seems like a fake university has been uncovered that was created by the u.s. government using u.s. taxpayer dollars so i believe the u.s. american people are going to want to know if this was a good use of their taxpayer dollars these types of scams luring students to come here only showcases that

idea of having some sort of very strong enforcement mechanism, and that was very important to the u.s. side -- as for, you know, stopping the subsidies to state-owned enterprises, that's such a big part of the chinese economy that up until this week there hadn't been any movement there. >> thanks. for more on what this means for the markets we're joined but cbs contributor jimmy pethokoukis and we're also joined by al dryden, jpmorgan, asset management, global market strategist alex dryden, excuse me alex, industrials are the best performing sector in the market this year. what does that tell you about expectations for a trade deal with china >> i think for us the markets have had a very solid 2019 we had a great january followed by a pretty decent february. we're encouraging investors to start being cautious just be aware and don't get too greedy at this stage in the economic cycle what i think that we're seeing is a bit of rotation into high quality names and a way for some -- away from the growth areas and i think industrials may be benefitting from that as well and we also like financia

the right to respond i think this is more likely to be a response to the rhetoric we heard on the u.s. side and just the russian rhetoric as it were russia really doesn't respond well to the language of ultimatums and i think they're making that clear with this harsh response the other thing i think is just basically a testament to how bad relations have gotten we've heard a lot of anti u.s. rhetoric in the build up to this decision head of the decision today russia was accusing the u.s. of not sticking to its international obligations of not being open for dialogue at all and i think what we'll continue to see in these next six months when the withdrawal the withdrawal period is basically both sides continuing to trade accusations and let's get more perspective on this joining me from washington d.c. is kingston reef he's the director of the arms control association a nonpartisan organization that promotes arms control policy now as we heard the trump administration it says it will pull out of the treaty in six months completely if there's no progress on arms control from the russian side