united states. they have made a great effort to show that mexico is an important part of the united states, not just in economic terms but in terms of protecting u.s. homeland security and controlling migration flows from central america. the fact that there has been an offer from the trump administration to pay mexico to try to deal with some of the united states'immigration problems is not surprising. there is a wrinkle in the deal that could emerge. although the current administration in mexico is willing to consider it, the incoming administration after december 1 has said that is not something they're interested in talking about with the united states. i think that is a deal that may not come to fruition. emphasize that mexico is a vital partner for the united states in terms of controlling migration flows. mexico has invested billions of dollars in building up its own infrastructure, particularly on the southern border to try to control the numbers of immigrants that are coming through the southern border and making their way through mexico to the u.s. border. the way mexico does that saves th

president trump: we're going to call it the united states mexico trade agreement.> canada cannot be seen catering to u.s. demands. >> can always make the trade deal stronger. >> president trump has plenty to say in an exclusive interview with bloomberg news. president trump: the european union is almost as bad as china, just smaller. >> tesla's plans to go private takes a u-turn. toyota makes a big bet on uber. >> it is saying uber is worth more than tesla and these big tech companies. >> in switzerland, leaders in finance speak on the news of the week. >> some countries in the past used currency manipulation to be more competitive. >> plus, if you are seeking insight, who better to listen to than warren buffett? >> we keep buying as long as we find something attractive to us. an attractive business at a reasonable price. >> it is all ahead on "bloomberg best." ♪ >> hello and welcome. this is "bloomberg best," your weekly review of the most important business news, analysis, and interviews from bloomberg television around the world. the week began with nafta negoti

another fact that may surprise you, the net outmigration from the united states to mexico house steadily increased since 2012 . what that means is there are more people every year leaving the united states to go to mexico and there are leaving mexico to come to the united states and the demographers this trend is going to continue. so the movements and the patterns are changing enormously , but the headlines in the news don't seem to reflect that. last little bit of data. immigrants arriving in the united states since 2010, 41 percent come from asia compared to 39 percent coming from latin america. that's extremely different, again from what you see in the news. so with these major shifts in patterns, the stereotypes in the public consciousness needing to be changed, i want to turn to three authors who can begin to convey some of the reality as well as much of the complexity of people, migration and borders. were going to start farthest away from me, john moore. photojournalists from many years, he's worked on many continents and not understand he spent 10 years creating this beautiful b

president trump: we're going to call it the united states mexico trade agreement. >> canada cannot be to u.s. demands. >> can always make the trade deal stronger. >> president trump has plenty to say in an exclusive interview with bloomberg news. president trump: the european union is almost as bad as china, just smaller. >> tesla's plans to go private takes a u-turn. toyota makes a big bet on uber. >> it is saying uber is worth

united states, mexico and canada. but it will probably be usm. the united states and mexico.canada doesn't make a deal with us we'll make a much better day. reporter: i like the play on the u.s. marine corps. he was pretty combative. kennedy: does the press enjoy those exchanged? it's entertaining for people to watch. if there is anything in this administration that has broken protocol more than his press conferences, i cannot think of it. reporter: that's why he unless office. he's not the norm. he's not part of the swamp. i think that's what he enjoys. kennedy: he takes tough questions. he was joking with a "new york times" reporter saying i used to love your paper, i still love your tape while calling it the failed "new york times." are your piers entertained by this? -- are your peers entertained by this? reporter: there was a reporter from an iraqi publication that wasn't called but he mispointed and he took the microphone. and cnn's jim acosta, he said i would like you to call on my female peer. i thought why don't you pass the microphone to your female peer if that's t

canada the united states mexico there's talk of some sort of draft agreement being published and being released on friday with mexico. but the u.s. trade representative said you know there will be space for kind of join it now or perhaps later the main sticking point as has been reported in the past is dairy canada supports its dairy industry the troubled ministration wants the canadians to stop supporting their industry the canadians point out that the u.s. supports its very industry quite a bit thank you. and the u.s. president has chaired his first meeting at the u.n. security council donald trump used it to attack iran calling it the world's leading sponsor of terror he also had harsh words for china surprising many back using beijing of meddling in the upcoming u.s. midterm elections our diplomatic editor james bays has more from u.n. headquarters in new york. president trump presiding over a meeting of the u.n. security council the eight thousand three hundred and sixty second meeting of the security council is called

embassy like the united states marine corps which i love general kelly likes it even more was general kelly he likes that u.s.m.c. which the us mexico canada but it'll probably or possibly be just us. it will be united states and next yes or no canada will come along now if canada doesn't make a deal with us we're going to make a much better deal we're going to tax the cars that come in we will put billions and billions of dollars into our treasury and frankly we'll be very happy because it's actually more money than you can make under any circumstance with making a deal that. good job to do if you do a very good job really. yes place mr curd. go ahead thank you very much for your time mr president to critically questions. what's real be to us a relations with the kurds oh i thought i was just i suppose isis. ok we're trying to get along very well we do get along great with the kurds we're trying to help them a lot don't forget that's their territory that we have to help them i want to help them go ahead what's next they fought with us before with us they died with us they died we lost tens of thousands of kurds died fighting isis t

embassy like the united states marine corps which i love general kelly likes it even more whiz general kelly he likes that u.s.m.c. which would be us mexico canada but it will probably or possibly be just us. it will be united states and next yes or no canada will come along now if canada doesn't make a deal with us we're going to make a much better deal we're going to tax the cars that come in we will put billions and billions of dollars into our treasury and frankly we'll be very happy because it's actually more money than you can make under any circumstance with making a deal. good job do you do if you do a very good job really. yes place mr curd. go ahead thank you very much for your time mr president to creepily questions what's real be do us your relations with the kurds oh i thought i just i said isis . ok we're trying to get along very well we do get along great with the kurds we're trying to help them a lot don't forget that's their territory that's we have to help them these orders . don't let it happen i said don't let it happen that doesn't mean they can't be selective they can't be you know go in and they've got to do what th

president trump: we're going to call it the united states mexico trade agreement. >> canada cannot beg to u.s. demands. >> can always make the trade deal stronger. >> president trump has plenty to say in an exclusive interview with bloomberg news. president trump: the european union is almost as bad as china, just smaller. >> tesla's plans to go private takes a u-turn.

president trump: we're going to call it the united states mexico trade agreement. >> canada cannot betering to u.s. demands. >> can always make the trade deal stronger. >> president trump has plenty to say in an exclusive interview with bloomberg news. president trump: the european union is almost as bad as china, just smaller. >> tesla's plans to go private takes a u-turn. toyota makes a big bet on uber.

mexico going forward. and the deal is a much more fair deal between the united states and mexico. nafta goes down as one of the worst trade deals in the history of our country. it emptied out millions of jobs, emptied out factories and plants all over the united states. and it was a very unfair deal and a very foolish deal and in fact you could say a very stupid deal for the united states to make. we are straightening out these horrible trade deals. we had 4.1 g.d.p. it was just raised to 4.2. nobody thought that was possible. when the trade deals are fixed and made fair, g.d.p. will go even higher and potentially much higher than that and if you go back to election and go back to campaigning, nobody ever would have said that was possible except me and maybe a few others that believe in me. thank you all very much. [everybody talking at once] >> it's time to go. president trump: anything is ossible. >> can we ask about syria? bout syria. president trump: i think it's a in the situation province, it's being surrounded and they feel they have 35,000 of their enemy there and yet you h

united states marine corps, which i love. general kelly likes it even more. where is general kelly? he likes it. usmc. u.s., mexico, canada. it will probably or possibly be just usm. it will be united states and mexico. canada will come a long if canada doesn't make a deal with us, we are going to make a much better deal. we are going to tax the cars that come in. will put billions and billions of dollars into our treasury and frankly will be very happy because it's more money then you can make under any circumstance with making a deal. good job. you do a very good job. yes, please. mr. kurd. >> reporter: thank you very much for your time, mr. president . quick questions. what will be the usa relations with the kurd or less. >> president trump: we get along great with the kurds. that's their territory. i want to help them. they fought with us. they died with us. they died. we lost tens of thousands of kurds fighting isis. they died for us in with us and for themselves. they died for themselves. they are great people. we have not forgotten. we don't forget. i don't forget. what happens someday later but i can tell you i don'

it will be united states and mexico. reporter: yes or no -- >> canada will come along f canada doesn't make a deal with us, we'll make a much better deal. we'll tax cars that come in. we'll put billions and billions of dollars into our treasury and frankly we'll be very happy because it is actually more money than you can make under any circumstance with making a deal. [shouting questions] good job. you do a very good job. really. yes, please, mr. kurd. reporter: [inaudible]. >> go ahead. reporter: thank you very much for your time, mr. president. two quickly questions. what will be the u.s. relationships with the kurds? >> thought i just answered that? reporter: against isis. >> we do get along great with the kurd. we're trying to help them a lot. don't forget that is their territory. i want to help them. what is next? they fought with us, they died with us. they died, we lost tens of thousands of kurd died fighting isis. they died for us and with us and for themselves. they died for themselves. but they're great people

but it'll probably be usm, united states, mexico. now, if canada doesn't make a deal with us, we're going to make a much better deal. we're going to tax the cars that come in. we're going to put billions and billions of dollars into our treasury, and frankly we're going to be more happy. good job, too. you do a very good job, really. yes, please, mr. kurd. go ahead. >> thank you very much for your time, mr. president. two quickly questions. what will be the usa relations with the kurds, post-isis? >> okay, we're trying to get along very well. we do get along great with the kurds. we're trying to help them a lot. don't forget, that's their territory. they fought with us. they died with us. they died. we lost tens of thousands of kurds died fighting isis. they died for us and with us and for themselves. they died for themselves, but they're great people, and we have not forget -- we don't forget, i won't forget what happens someday letter i can't tell you, but i won't forget these are >>> i will get back to once again. i think there's

mexico. well in order to turn it into to buy a lot of old deals he would have to withdraw the united states from the existing agreements and enter into new agreements with the two states but let me say that what he has negotiated with mexico he concluded preliminary in the negotiations with mexico couple of days ago what he's concluded is economically identical in most respects to the existing nafta agreement so it makes it strange for him to claim that it was the worst deal ever when his renegotiation replicates most of what was in that deal what was and what i find odd about this is that having done that mexico sat back while the united states i'm kind of a have that agreement which sounds like mexico just saying yes to anything that goes to a grade in what as i say was supposedly a three way deal i don't quite understand how that works. well it's important to mexico to maintain even the bilateral trade relationship with zero tariffs which is what the north american free trade agreement does with the united states and it's also important to canada to retain that and they're both willing to mak

what was and what i find odd about this is that having done that mexico sat back while the united states and kind of the have it out that agreements which sounds like mexico just say yes to anything that goes to a great in what as i say was supposedly a three way bail i don't quite understand how that works. well it's important to mexico to maintain even the bilateral trade relationship with zero tariffs which is what the north american free trade can tell us with the united states and it's also important to canada to retain that and they're both willing to make some concessions in order to retain that core free trade arrangement and so it may be that counted gives up some modest commitments with respect to anti-dumping duties mexico give some modifications on what would constitute a north american automobile for purposes of the eligible for zero tariffs so they're willing to do a lot and i think this is you know president trumps art of the deal negotiation style where he prefers to go bilateral first to negotiate in a context where united states power might be applied most effectively.

states. they have made a great effort to show mexico is an important part of the united states, not just an economicerms but protecting homeland security and in terms of controlling migration inflows from central america. from the trump administration to pay mexico to deal with some of the united states' immigration problems is not surprising. there is a wrinkle in the deals there and that is although the current administration in mexico is willing to consider it, the incoming administration has already said that is not something they are interested in talking about. i think that is a deal that may not come to fruition but what i want to emphasize his mexico is a vital partner to the united states in terms of controlling migration flows. for the past six years, mexico has billions of dollars in its own infrastructure particularly with guatemala to control numbers of immigrants coming through the southern border and making their way through mexico to the u.s. border. the way that mexico does that save the united states billions of dollars and one of the things a lot of oak in mexico, particularly the

thing over the last couple of years and he talked about the trade deal that mexico has just managed to sign with the united states and said the mets could go through it been tough negotiations but they did cheat their objectives a lot of people would say that that deal isn't as good as the deal that mexico the united states and canada united states and canada have before but at least to go something out but then he went backwards at the beginning of the speech he was talking a lot about reforms and he says that he wants to be remembered really that these were the high point of his of ministration he talked about reforms to the telecommunications sector the energy sector the education sector some of those were some of those didn't and some of those we get still to see the fruits of them but he did manage to get together mexico's major parties to try and make something happen to try and make changes in areas that have been really solidified and helped but for a long time but i think really the biggest point at the end of this administration has been about violence in the country two thousand and eighteen is project

united states marine corps, which i love. general kelly likes it even more. where is general kelly? he likes that. usmc. which would be u.s., mexico, canada. but it will probably or possibly be just usm. it will be united states and mexico. >> yes or no? >> canada will come along. now, if canada doesn't make a deal with us, we're going to make a much better deal. we're going to tax the cars that come in. we will put billions and billions of dollars into our treasury. and frankly, we'll be very happy. because it's actually more money than you can make under any circumstance with making a deal. okay? good job, too. you do a very good job. really good. yes, please. mr. kurd. go ahead. >> thank you, very much for your time, mr. president. two quick questions. what will be the usa relations with the kurds? >> oh, i thought i just answered that. >> and with isis. >> okay. we're trying to get along very well. we do get along great with the kurds. we're trying to help them a lot. don't forget, that's their territory. we have to help them. i want to help them. go ahead, what's next? they fought with us. they died with us. they died. we los

united states marine corps. i love that. general john kelly likes it even more. where is he? usmc, u.s., mexico, canada. but it might just be u.s.m. united states and mexico. if canada does not make a deal with us, we will make a better deal. we will tax the cars the come in and frankly we will be very happy. it is more money than you can make under any circumstance with making a deal. good job, you do a very good job. really. kurd.lease, mr. go ahead. >> thank you for your time, mr. president. what will be the usa relations with the kurds post isis? pres. trump: i thought i just answered. we are trying to get along -- we do get along with the kurds. we have to help them. i want to help them. they fought with us, they died, we lost tens of thousands of kurds died fighting isis. they died for us, and with us, and for themselves. they died for themselves. they are great people. and we have not forgot -- i do not forget. i can tell you i do not forget. these are great people. yes, please. plan to stopur iranian influence in iraq, in syria? pres. trump: i do not mind your question. there has been no greater

to really in canada, the united states and mexico. so we hope the trade talks can come to an end and come to an agreement that can allow us to invest for growth bar where where does the growth come from? >> we establish our rules under four. we grow innovation, seek the mergers. year over year. i think what's happening now that's much more incremental, right? than before. before we would have a new flavor of ketchup, what's very important to each category. but now we have a new category. just crack an egg. a breakfast product. or heinz mayo. or kool-aid no sugar, or philadelphia cheesecake. these kind of product are much more incremental than before. that's number one. two two is market. the shelf in the stores with certainty about distribution, display, merchandising. price back architecture. understanding what's good in each one on the shelf components. to do that we are hiring as part of the people we hire is pretty much sales reps how we call them that those are about 30 off our hiring this year that are touching the stores. maria

president trump: we're going to call it the united states mexico trade agreement. >> canada cannot beng to u.s. demands. >> you can always make the trade deal stronger. >> president trump has plenty to say in an exclusive interview with bloomberg news. president trump: the european union is almost as bad as china, just smaller. >> tesla's plans to go private takes a u-turn.

united states. there is good and bad of what is coming from this. >> and wages, the average autowage is $22 in the united states. and mexico that mexican wages would go up. and the u.s. would come down. chinese negotiations, and the president's threat to impose tariffs may start as well. particularly, it won't get easier in the delocation with the talks with canada. >> and renaming it. >> the u.s. mexico trade disagreement. >> we are halving it half-nast a there is no nafta without canada. by the way. >> still to come, more on the new reports showing the fbi and justice department official bruce orr. and more about the 2016 election. >>> welcome back. at world headquarters in new york. we begin this hour from new reportering from the new york times. a man so close to valdimir putip, he was known as putin's oligarchs. >> the time reports that they contacted him as they investigated if manafort.

because of his policy and what he's do suggest reorienting world supply chain back to the united states. mexico just cut a deal and the eu will cut a deal with you, korea and japan will cut a deal with us. he's winning. absolute economic nationalist. absolutely. you can tell what he's doing on trade, bringing jobs back, like he said. goldman sachs, investor relations department of the chinese regime. >> laura: they all bought into china. chipos china. >> steve bannon: they told trump, rise of china inevitable. like law of thermodynamics, law of physics that can't be turned around. trump said, that is not true. the book opens, they are stealing, taking off his desk, the deal about nafta and korea. trump didn't know, he got around to it, renegotiated nafta and korea and renegotiating in process of taking the supply chain back -- >> laura: why was omarosa hire? ed >> steve bannon: she was on the campaign, and very good. >> laura: effective, but boy. >> steve bannon: she did terrific job, we threw her into tough situations. >> laura: taping conversations. >> steve bannon: in hindsight, but rights m

bilateral links you know there are so many economic connections between between canada and the united states and mexico that the elimination of the of the nafta would have a seriously do experience the effect on on economic growth and on the state of the canadian economy and. your decimated that the elimination of nafta the reposition of auto tariffs would cause the canadian dollar to decline between eight and fifteen cents if you want a volatile. so this is this is in particular the imposition of a twenty five percent tariff rate on automobiles eight fifteen cent decline the canadian dollar visa v. the u.s. dollar and i mean the industry directly employs a rich one hundred forty thousand people and since there are so many banks across the border and so many cars are shipped to the united states it's one of our biggest exports and scott what is it about the proposed agreement that the canadians like there are so many there are so many things about this deal that kind of agrees with their changes to chapter eleven which the investor state to dispute resolution mechanism these things kind of supports the

one of them is there appears to be a deal between the united states and mexico. my own view to that is the answer is no. the deal that was announced to the congress and was told was being negotiated was a modernization of nafta with canada and mexico. i think it is less likely the president could or would move ahead on a deal without canada. the second issue is where do the potential for new tariffs on autos fall within this deal, and what happens to the existing tariffs on steel and aluminum? all three of those tariffs have because on allegedly imports threaten the national security of the united states. theyand in many of those say no. there is not a national security threat. not any certainly national security threat from the idea of car parts coming in from canada. push would be a strong back to say no to the president, you do not have the authority to impose tariffs on a made up the -- the area of national security. >> let me turn to the wto. we are now hearing president trump threatened to pull out of the organization. you worked there. the american governm

another fact that may surprise you, the net outmigration from the united states to mexico house steadily increased since 2012 . what that means is there are more people every year leaving the united states to go to mexico and there are leaving mexico to come to the united states and the demographers this trend is going to continue. so the movements and the patterns are changing enormously , but the headlines in the news don't seem to reflect that. last little bit of data. immigrants arriving in the united states since 2010, 41 percent come from asia compared to 39 percent coming from latin america. that's extremely different, again from what you see in the news. so with these major shifts in patterns, the stereotypes in the public consciousness needing to be changed, i want to turn to three authors who can begin to convey some of the reality as well as much of the complexity of people, migration and borders. were going to start farthest away from me, john moore. photojournalists from many years, he's worked on many continents and not understand he spent 10 years creating this beautiful b

united states marine corps, which i love. general kelly likes that. ,t would be u.s. mexico canada but it will probably are possibly be just usm, united states and mexico. if canada doesn't make a deal with us, we will make a much better deal. we are going to tax the cars that come in. we will put billions and billions of dollars into our treasury, and frankly, we will be very happy because it is actually more money than you can make under any circumstance when making a deal. you do a very good job, really. go ahead. >> thank you very much for your time, mr. president. two questions quickly. what will be the usa relations with the kurds post isis? president trump: we do get along very well with the kurds. we are trying to help them. i want to help them. go ahead, what is next. they fought with us. they died. we lost tens of thousands of kurds, they died fighting isis. they died for us and with us, and for themselves. they died for themselves. , andhey are great people we don't forget. i don't forget what happens someday later, but i continue i don't forget. these are great p

are skeptical already that the president might not want a three-way trade deal between the united states, mexicond canada, bob woodward's new book set to be released next month could illuminate some of those concerns for the canadians because there is starting to be a drip, drip, from what is inside of that book. "the washington post" obtained a advanced copy of it. the post went through the advanced copy. they say there is a section on it about nafta. and that the president instructed or at least expressed his frustrations to rob porter, then the staff secretary at the time. the president saying that he wanted to get out of nafta and do so quickly. this is the post's write-up about this section, they say, quote, under orders from the president, porter drafted a notification letter withdrawing from nafta but he and other advisors worried it could trigger an economic and foreign relations crisis. so porter consulted cohen, that being gary cohn, who told him according to woodward. i can stop this. i will just take the paper off of his desk. now the white house press secretary sarah sanders respond

. >> the united states, mexico trade agreement, we will get rid of the name nafta. >> chris: we will the head of the largest ♪ >> chris: negotiations to hammer out a deal to reshape nafta, the three nation trade agreement between the u.s., mexico and canada, will continue this weeks after talks between the white house and canada stalled amid some bitterness. joining us now to discuss the potential fallout for american workers is the president of the afl-cio, richard trumka. mr. trumka, president trump has negotiated a new nafta deal with mexico, but talks with canada stalled after some off the record comments that he made were published that he acknowledged that he won't make any concessions to canada and here's what he said about that afterwards. >> here's the good news, at least canada knows where i stand, because we can't have these countries taking advantage of the united states anymore, it's very simple. >> chris: question, can you support a deal that leads canada out of a new nafta and will congress pass it? >> mr. trumka: chris, before i get to that, just let me say are in beh

they've taken -- i love canada, by the way, but that has nothing .to do with th i represent the united states. mexico was totally, mean, they were great, by the way, the new president has bee great. the deal is done. now it has to go through congress and a lot of thing have to happen, but we've done -- bob litehizer has done a great job ofegiation after they have, but the deal is done with the congress, but canada haser treated us badly. they treated our farmers in wisconsin and new yor a lot of other states very badly. dairy products, 300%, 300%, h do you sell a dairy product at 300%? the answer is you don't. what it is is a barrier. it'sasically saying w don't have any barriers. by the way, it's 300% so you s don'td it in because you can't compete. canada has a long way to go. to be honest, we're not getting along at all with the negotiators. we think they have taken advantage of our country for a long time and had people who didn't knowe what they w doing, and that's why we had over the last five, six yyears average it out, we had 800 billion dollars a year in trade losses. it's diculous. it's not

and the united states, then we'll stand with mexico against the united states and we'll get more out of it. low and behold, mexico struck a deal with the united states and canada was odd man out. freeland flies in in the last minute and says, ok, maybe we can work something out, but that was a brilliant move. i think they understatement the -- underestimated the strength of the relationship forged by jared kushner and the entire ustr team that these guys have been working around the clock, literally around the clock over the last, you know, 10 days, and i don't think people fully understood the strength of this new relationship with mexico. presidential tweets beer theeverled ever --er -- presidential tweets not withstanding. >> the issues with mexico some of the progress that was made with thewa auto parts and where the assembly points are located and things like that i think are great. i think you have to agree, there's still more work to be done. this is not the end of the whole process. >> ethey look to the globalists that were the