the united states respects and honors your pants heritage and admires your and deep well of perseverance. i appreciate very much your. acknowledging and stating the fact that the united states economy has done so well since our election on november eighth close to two million jobs the highest stock market in our history so many different things are happening for the better including the cutting of massive amounts of regulation which is one of the reasons that the markets are reacting the way it's reacting. this mutual respect for culture and sovereignty will continue to bring our nations closer and closer together and open up new avenues of cooperation and success mr prime minister thank you again for inviting me today. and for opening the arms of your majestic country. to our american delegation all of whom are right now in this room i look forward to working side by side with you in friendship. we will have success like rarely seen between two countries japan and the united states of america two very very special places thank you for having us thank you very much. westerners and from the press if you wish to speak please raise your hand and be recognized by me or by ms sanders an

that they have done but also have reaped the benefits of being active participants in the united states economy and also civic engagement and so i think for me the important point to underscore is that t.p.s. beneficiaries many of which have u.s. citizen children and are part of mix that is families have contributed an insurmountable amount in terms of their socioeconomic contributions but also they cannot be. for an administrate of oversight when this that is the t.p.s. was designated it was truly mentally ill and a new strain of oversight i'm going to up a bit before i don't understand what you have brought about. by qualifying the program as temporary without having strict guidelines as to what temporary means whether it be for fiber nul and having the discretion to either renew or deny in. discretion of the department of homeland security or the attorney general that is in administratively oversight folks you know i didn't read the bill you are big congress deliberately wrote to make it temper i mean they didn't make a mistake when they called it temporary protected status i thought it was

was a time when statue of liberty was the ideal of the world when economic power center was united states economy so this is the these this is the limits of soft power any country that will have any economic power will be able to project its culture globally just as meg nanos became an identity of certain lifestyle all over the world where that was not to say that american culture was overtaking the world or capturing the world so similarly if mandarin is coming there are certain chinese elements which are now becoming more global marks of life style it does not necessity lead mean that china is becoming had humanistic or that is takeover of china today chinese cuisine is a household cuisine in every part of the world it does not mean that china is overtaken she said i think what people worry more about is there is and you talk about soft power is that that will translate in turn into a much bigger and stronger power. and well it's pakistan ok with that and it's pakistan i mean or are you trying to position yourself to be right alongside china for a little pakistan seeks to be partners with all.

the money that haitians living in the united states and sending back home is keeping that economy afloat. without the money that the haitians in the americas and in the united states and america are providing, it would be a complete collapse. on the couldn't -- in the country of haiti. which would then create adegreesal cataclysmic work we as americans would need. we talk about immigrants trying to come into this country. we talk about the collapse of infrastructure, the collapse of an economy. that will happen if the haitians still living here in the united states under temporary protected status with jobs are caused to leave. in may, 2014 -- on may 24 the department of homeland security redesignated haiti for six months of testify rare protective status rather than the full 18 months. that's important to understand that because of that smaller amount of time, haitians industrial to apply. it costs almost $2,000 to apply for an extension of a visa. these people are in flux tooze whether or not they should continue to apply. in a letter sent on friday, november 3, the congressional black

malaysia mexico new zealand peru singapore vietnam and or originally over there the united states together those economies make up almost forty percent of global g.d.p. but when president donald trump announced that the united states would be exiting the deal the future of the p.p. was called into question because without the u.s. the remaining countries account for just fourteen percent of the world's g.d.p. so the question was could the agreement hold up without the united states several big economies including japan that we know now australia new zealand they say yes they're determined to see the deal through they certainly believe that the asia pacific region. could be a key driver of future growth still is t p p a powerful trade deal without having the united states in it and that is something i wanted to know from adults in deputy director of the center for international economics. well there are several reasons why there is a point of course with the u.s. as a bammer of p.p.p. the world as such for example be calculated that it would have experienced the additional growth of one percent but without

the united states respects and honors japan's heritage and admires your deep well of perseverance. i appreciate have much your acknowledging and stating the fact that the united states economy has done so well since our election november 8. close to 2 million jobs. the highest stock market in our history. so much different things are happening for the better. including the cutting of massive amounts of regulation. which is one of the reasons the market is reacting the way it's reacting. this mutual respect for culture and sovereignty will continue to bring our nations closer and closer together and open up new after news of cooperation and success. in prime minister, thank you again for inviting me today. and for opening the arms of your majestic country to our american delegation, all of whom are right now in this room. i look forward to working side by side with you in friendship. we'll have success like rarely seen between two countries, japan and the united states of america, two very, very special places. thank you for having us. thank you very much. >> thank you very much, mr. president. now we'll accept questions from the press. if you wish to speak, please raise you

to five branches of the united states military situated all across the world, saying thanks to them, of course, in no uncertain terms but also praising the united states economy as well as indicating in his view how the united states military has been winning since the president took office. and then the president moved from that teleconference at mar-a-lago over to a coast guard station and nearby to here where he echoed some of the very same messages. listen. the stock market on friday hit the all-time high. the highest it's ever been, ever. in your whole long life, the stock market is higher than it's ever been. that means your 401(k)s and your -- all of the things that you have, whether it's even if you're in the military, you have a country that's really starting to turn and we witness to have a strong country. we want to have a country where i can buy new coast guard cutters and not have to worry about it. >> reporter: we anticipate that the rest of the day will be a quiet one for the president and the first family. a very traditional dinner over at mar-a-lago. nothing else on the public schedule. fred? >> all right. so joe, president trump has, you kno

the united states respects and honors japan's heritage and admires your deep well of perseverance. i appreciate very much your acknowledging and stating the fact that the united states economy has done so well since our election on november 8th. close to 2 million jobs, the highest stock market in our history. so many different things are happening for the better, including the cutting of massive amounts of regulation, which is one of the reasons that the market's reacting the way it's reacting. this mutual respect for culture and sovereignty will continue to bring our nations closer and closer together and open up new avenues of cooperation and success. >>> mr. prime minister, thank you again for inviting me today. and for opening the arms of your majestic country to our american delegation, all of whom are right now in this room. i look forward to working side by side with you in friendship. we will have success like rary seen between two countries, japan and the united states of america, two very, very >> translator: thank you very much, mr. president. now we will accept the questions from the press. if you wish to speak, please raise your hand and be recognized by me or

the united states respects an honors japan's heritage, and admires your deep well of perseverance. i appreciate very much your acknowledging and stating the fact that the united states economy has done so well since our election on november 8. close to 2 million jobs. the highest stock market in our history. so many different things are happening for the better, including the cutting of massive ape mounts of regulation, which is one of the reasons that the market's reacting the way it's reacting. this mutual respect for cultural and sovereignty will continue to bring our nations closer and closer together. and open up new avenues of cooperation and success. mr. prime minister, thank you again for inviting me today. and for opening the arms of your majestic country to our american sell gags, all delegation in th. i look forward to working side by side with you. in friendship, we will have success like rarely seen between two countries. japan and the united states of america, twovery, very special places. thank you for having us. thank you very much. >> translator: thank you very much, mr. president. now we will accept questions from the press. if you wish to speak, please ra

to get people with a -- with a little bit more take-home pay and to make the united states economy competitivehere everyone is fighting for every single job and investment they can get. right now we are not competitive and hurts wages, hurts the job creators in the united states. we are going to deliver two things that are important to people i represent. it will be tax relief for hard-working, middle income and lower income families. that's definite. the other definite part of this tax reform is making american business competitive so that our workers and businesses can do more business and have a greater share of this global economy and thereby create more jobs and put upward pressure on wages there. i am confident that we will get the done soon, get it to president's desk and the president is looking forward eagerly to signing it. >> this discussion is about helping the folks who are working hard every single day, oftentimes paycheck-to-paycheck, who feel invisible. they feel that they are working off their tails and no one is paying attention. uss tax reform exercise for is our way of sayi

united states and china is very one-sided and unfair. he does not blame china. it's a big change from his campaign. a 180 from his campaign when he declared that china was raping the united states economy and committing one of the greatest thefts in the history of the world. that's a quote. during a business event today in beijing with the chinese leader xi jinping, the president pointed the finger at the american leaders that preceded him. >> who can blame a country for being able to take advantage of another country for the benefit of its citizens? i give china great credit. [applause] but in actuality, i do blame past administrations for allowing this out-of-control trade deficit to take place and to grow. >> shepard: according to a "washington post" reporter in attendance, there was a gasp from reporters when the president made those comments. rich edson is at the state department with reaction this afternoon. rich? >> secretary of state rex tillerson says that president trump was a little tongue in cheek when he made that remark, but there was a lot of truth for that. how can you blame the chinese for taking advantage of the united states, a developing country when the united stat

there is no doubt that we will bring hundreds of billions of dollars back to the united states economy if we pass this bill. we may be bringing $2 trillion back and we've had a stimulus is in the pasasin the past decade y family got $100 or something like that. that was the big stimulus. $1 trillion stimulus, $2 trillion stimulus, unbelievable in the money that has been sitting someplace else by companies who want to invest it here or were not going to bring it back under the old tax system if they had become of the shareholders would have removed them from the leadership in the company because it wouldn't have been good business but it will be good business to bring that money back if we pass this bill. we will also allow immediate and expensive bedstead suspended now and get credit for it now. those kind of things grow the economy and will make us more competitive worldwide and growth investment. when those things happen, higher paying jobs have always followed and willl follow here. we were stuck eight or nine years now of no growth of family income for hard-working families. it's a

i appreciate very much your acknowledging and stating the fact that the united states economy has doneso well since our election on november 8th. so it's november and he said to me, congratulations on your victory, its with a great victory. it is interesting that it is one year as of tomorrow that we had our election victory and it was a great victory and a victory that made a lot of people very happy. and trade is something that we always talk. it's one of my favorite subjects, i guess it's one of the reasons that i had that great successful victory last year at this time. and since my election, exactly one year ago today, i celebrate with you. >> so that was a compendium since he's been on the asian trip i don't know if you heard the great election victory, this is the guy that said to the boy scouts they told me there was no path to 270. this is just going to be his thing i guess more and more so because of the threat to his election victory that goes on every day in washington, d.c. >> yeah, that's exactly right. brian, do you remember by the way that today's the anniversary of the

us will ever vote on, because it will affect every american, every business and the entire united states economy for probably the next 20 to 30 years. to me, that means that we should take the utmost care in what we're doing. that we have a responsibility, because the stakes are high to make the process have a high standard. so that we understand the implication, so we understand appreciateully can how this will affect americans for the next two generations. we have there highest possible stakes, we have had the worst possible process. i have never seen a process like have anre you incredibly complicated, important piece of legislation earrings. zero input from citizens. zero input from experts. this has been done in a matter of weeks. when this process was undertaken in 1986, which by the way was a bipartisan process involving ronald reagan and tip o'neill, that process took something like 14 months and involved hundreds of hours of debate, discussion. somethingat bill got like 90 votes in the senate. that is the way they should be done and the main point i want to make is we could do it that w

wonderful job those other agencies did in 2008 when these financial institutions wrecked not the united states economye world economy, because they were so brilliantly regulated. i mean, this exists so that people like the customers of wells fargo, who were ripped off to the tune of millions of dollars, millions of customers, no one did anything about it. this bureau did something about it, but it's going to die. >> so we're missing the broader political point here, which is the fact that this is playing right into president trump's hands. when you talk about draining the swamp and the deep state, we have an unelected bureaucrat, who's trying to essentially hold this administration host skpaag bureau into this position, which as jeffrey said, the president is going to get his way. this is going back and trying to throw -- overthrow the results of the election. and i think people are going to see right through it. >> this is just an opportunity to continue usade for a little longer. that's all the democrats are trying to do here, hold on for a little while longer, because they don't like who won the el

united states. international property protection. now with the united states out, this is one pieces of the agreement that has gone away. this indicates these trade agreements, once they are in the hands of economiesnited states was present. that is not good, eitherfor united states was present. that is not good, either for the united states was present. that is not good, eitherfor the united states or europe. those that don't have a large stake in intellectual property in their trading relationships. peter, very good to you. —— very good to talk to you. the crisis in lebanon has intensified with the leader of the militant shia group, hezbollah, now accusing saudi arabia of declaring war on his country. it comes just days after the lebanese prime minister saad hariri announced his resignation while in the saudi capital. the un and others in the international community have warned other countries against using lebanon as a pawn in a wider regional confrontation between the major sunni power saudi arabia, and shia—dominated iran. from the lebanese capital, beirut, martin patience sent this report. for a region in turmoil, beirut served as a sanctuary from the violence. but now it finds itself at the

structure, their financial daily or or distress could in theory create a systemic breakdown in united states economy. says thate language the financial firm may be is material, it financial distress, or its activities could pose a threat to the financial stability of the united states. the provision was a response to the mistaken belief in congress and elsewhere that lehman's bankruptcy in 2008 caused the financial crisis. the idea was that large firms are interconnected, and that failure of one like lehman will drag down others, creating a systemic condition. to prevent this, special stringent regulation by the fed was considered necessary. in reality, no other firm failed as a result of lehman's failure. so, they interconnected this theory is wrong. is still in effect. accordingly, under the material financial distress or activity , it has designated for non-bank institutions. seriousion can be a .estructive event to a firm it gives the fed unlimited authority to control the firm's business. after having experienced that regulation, ge terminated the business of its subsidiary ge capital in order

united states. -- allow those in the united states. the economynd the eurozone has more momentum than expected with government reforms, migrant flows supporting job creation. this boom, what sets it aside from others is there is unlikely to be a bust. bloomberg economics expects growth stronger next year and the rate of expansion is likely to slow -- 90 minutes into the trading day in the u.s., how is it looking? >> it looks like technical difficulty behind me. there we go. a mixed picture after the three close that records yesterday and the nasdaq beating a record today. -- one of the subjects of handwringing is the flattening of the yield curve and what it does create problems for stocks. this bull market we have seen . take a look at this chart posted on the bloomberg to explain. another technical issue. the flatteningt of the yield curve historically has not presented a problem for u.s. stocks. here we go. it is the inversion of veal curve has meant a stock tumbled. you have this zero line with the blue the yield curve the spread between the 1

economy. also in-house. anna: tell me about the united rates. -- states. >> hurricane in the u.s.gdp figures you pleased with the 4% had. it is growing. we had 2% growth in q2. we are growing with 2%. it is more softer in the staffing. we are growing more than six years in the u.s.. that is the outlook i suppose from the recipient interview. we are looking for inflation. eventually will come in the form of wages you are you seeing any beginnings of a percolating wage market? specifically in the united rates because yuko -- you do a significant amount of business there. >> we see some inflation on the wages between two and 4% in the germany, mainly in the markets where you have full employment and very low figures. limited to 2-4%. ?? -- >> is that the same for germany? how quick is that inflation in wages? as it showed increased momentum? << i think the german economy is good. that is also reflected in gdp figures. the forecast for 2007 is 2.1%. the same level at 1.8%. the economy is strong. in many factory -- manufacturing good economy in germany. inflation at 2-4% in some areas.

japan malaysia mexico new zealand perusing the poor vietnam and or originally the united states together those economies make up almost forty percent of global g.d.p. but then came president on a trump and he announced the united states would be exiting the deal the future of the p.p. was called into question without the u.s. the remaining countries account for just fourteen percent of the world's g.d.p. so could the agreement hold up without the united states several big economies including japan australia new zealand say yes they're determined to see the deal through believing the asia pacific region to be a key driver of future growth but so far there is no agreement inside asia pacific nations are struggling to salvage the trade deal which could have been the world's largest and most comprehensive free trade deal if the us hadn't dropped out so what is left of the p.p. i'm joined now by at a young chin deputy director of the center for international. makes let's talk a little bit about that good to have you here do you think the t p p without the united states still stands a chance is there still a

at one point saying that china is essentially the united states economy. he said hey, it's not your fault. the presidents that came before him for the trade imbalances he long slammed and it was a very interesting shift in tone. i want to give you an example of what i was talking about with the president's comments here. listen. >> i don't blame china after all, who can blame a country for being able to take advantage of another country for the benefit of its citizens. i give china great credit. >> with secretary of state rex tillerson several hours ago saying that comment was a little bit tongue in cheek. i was in the room. i think the president was being funny or sarcastic. i don't know that was necessarily the case, although you did hear laughter in the room. one of the more interesting comments that has come out of this discussion. you talk about trade. you talk about the other big issue which is north korea. the administration insisting no space between the u.s. and china when it comes to a denuclearized north korea. this discussion about a potential

continue to agree with him now that the future of the united states lay in figuring out how to compete more successfully in this new world economy. - the fact is nafta has not had these ill effects. manufacturing jobs have been in decline since 1979, nafta took effect in 1994. between 1979 and 1993, those 14 years, united states lost 2.7 million manufacturing jobs. and the 14 years between 1994 and 2007 the united states lost 2.7 million manufacturing jobs, same amount, the trajectory's been the same. - [narrator] new trade deals are now under consideration by us law makers. the trans-pacific partnership, or tpp, would be a free trade agreement between the us and 11 other pacific nations. - it's a trade agreement that would eliminate most not all, but most trade barriers among the united states, japan, and 10 other countries in the asia pacific region, including some quite low wage economies like vietnam. - it's not just a pure lowering of trade barriers, it's a sort of negotiated withdrawal from our protectionist perspective. and it makes great politics to argue that trade agreements like that are gonna hurt american workers. t

it's a year since donald trump was elected president of the united states and the u.s. economy is thriving but is that thanks to trump or despite him we'll ask our correspondent on wall street also coming up as more famous names are uncovered as tax dodgers the e.u. scrambles to come up with new measures but is it even possible to get all the countries on side. and daniel went to his twelve minutes of business a year ago today donald trump defied critics and shocked the world shocked himself even by winning the united states presidential election it was the fifth time in u.s. history that a president was elected with a minority of votes here's a reminder of that night and the economic legacy trump is building. pictures that stone the world businessman donald trump wins the u.s. presidential election here expected rick research shock waves through international political circles the new president came with a reputation of being unpredictable and having little respect for decorum or democratic principles as a columnist hope to seal his own do with the policies he was touting. her

the united states will also do its part, we are committed to reforming our development finances institutions so they better incentivize private sector investment in your economiesnd provide strong alternatives to state directed initiatives that come with many strings attached. the united states has been reminded time and again in recent years that economic security is not merely related to national security, economic security is national security. it is vital -- [applause] to our national strength. we also know we will not have lasting prosperity if we do not confront grave threats to security, sovereignty and stability facing our world today. earlier this week, i addressed the national assembly in south korea and urged every responsible nation to stand united in declaring that every single step the north korean regime takes toward more weapons is a step it takes into greater and greater danger. the future of this region and its beautiful people must not be held hostage to a dictator's twisted fantasies of violent conquest and nuclear blackmail. in addition, we must uphold principles that have benefited all of us like respect for the rule of law. [applause] ind

the united states will also do its part, we are committed to reforming our development finances institutions so they better incentivize private sector investment in your economiesnd provide strong alternatives to state directed initiatives that come with many strings attached. the united states has been reminded time and again in recent years that economic security is not merely related to national security, economic security is national security. --is vital [applause] to our national strength. we also know we will not have lasting prosperity if we do not confront grave threats to security, sovereignty and stability facing our world today. earlier this week, i addressed the national assembly in south korea and urged every responsible nation to stand united in declaring that every single step the north korean regime takes toward more weapons is a step it takes into greater and greater danger. the future of this region and its beautiful people must not be held hostage to a dictator's twisted fantasies of violent conquest and nuclear blackmail. in addition, we must uphold principles that have benefited all of us like respect for the rule of law. [applause] , and f

does that work for the united states economy? alice: i think it does.of janet yellen and ben bernanke. i think janet has done a and the right person to be in the job for the last four years. i understand why president trump change and -- wants i think this is an excellent appointment. i got to know jay powell when we work together a few years ago. knowledgeablele, and very nice man. i think he will make an excellent chair. yes?e: alice: he is not an economist, but i think that does not matter at the moment. he knows a lot of economics. he is a very smart man. he is a lawyer. i have been saying for some time -- sometimes on this program -- onre is too much emphasis the challenges of monetary policy. i think the big challenges for powell are not going to be monetary policy. that is on track and he will keep it on track. they are going to be regulatory. as i see his job, it is to protect the strength of dodd-frank and the things that have helped stabilize markets and give us lower risk too muchs without cost. there is a case for rethinking regulation, part

president, there is no doubt that we will bring hundreds of billions of dollars back to the united states economy if we pass this bill. some of the estimates are we may bring $2 trillion back. you know, we've had stimuluses in the past decade where every steam got $100 or something like that and thought that was a big stimulus. a $1 trillion stimulus, a $2 trillion stimulus, unbelievable in that money that's been sitting someplace else by companies who want to invest it here but who weren't going to bring it back under the old tax system. if they had brought it back their shareholders would have probably removed men and women from the leadership in the company -- removed them from the leadership in the company because it would have not have been good business but it will be good business to bring them back if we pass this bill. we'll allow immediate expensing. spend the money now and get credit for it now. those kinds of things grow the economy. it will make us more competitive worldwide. it will grow investment. and when those two things happen, higher-paying jobs have always followed and will f

you don't want the president of the united states talking down the economy. that wouldn't be good. ou want the president of the united states to reach out to our troops at thanksgiving to tell them job well done. >> monique, let's put up the facts and get your opinion. this is the stock market since the president was elected. to say it was a massive bare market would be a understatement. unemployment in october at a near record low. the lowest since 2000 at 4.1%. how isn't this good news? >> those two things are excellent news. the question is whether the president can and should take credit for those good things. we know where unemployment numbers are concerned they were dropping and going down long before november of last year. while we're thankful for the stock market there are many other things that americans who are not invent of vested in the stock market and invested instead in getting health insurance for their children and making sure they have food on the table, they're concerned about. this president instead of really assuring americans, assured them by offering thanks to