-mexico-canada agreement replaces nafta which was signed in 1994. here's a look. >> ladies and gentlemen, the president of the united states, the president of the united mexican states, and the prime minister of canada. [applause] president trump: thank you very much. we're gathered together this afternoon for a very historic occasion. the signing ceremony for a brand new trade deal, the united states-mexico-canada agreement. so important. i'm honored to be here with president enrique pena nieto, he's become a great friend of mexico and prime minister justin trudeau who has also become a great friend. this has been a battle and sometimes -- and battles sometimes make great friendships so it's been terrific. with our signatures today we'll formally declare the intention of our three country to replace nafta with the usmca a truly groundbreaking acheevement, modern day agreement. i want to thank you and trade representative bob lighthizer and his entire team for their tremendous effort and the efforts that they have made all throughout the last almost

trump did when he took office was to rip off enough to free trade agreements i'll be us mexico and canada have signed a replacement of the g twenty and the homefront will go into business updates i'll be back at the top of. the self good day. sometimes books are more exciting than real life. preparing to read. what if there's no speech. a list longer term and most treats. the chief meeting of the g. twenty will be taking place for the first time in the south american country here in one of cyrus argentina a country struggling with an economic crisis an increased coverage or a good will the nationalist trade agenda of u.s. president donald trump dominates this encounter and will it undermine the make something good for the summit like infrastructure for development and the future of work and sustainable food today w. news. i think. it's pretty long time coming but the g twenty has seen one zero trade deal inked canada mexico and the us sign a renegotiated version of the nafta trade deal donald trump wants to run. meanwhile a high stakes option time tango between the u.s. and china in one a

and canada. it should ultimately help the the job market for automanufacturing here in the u.s. and canada. because it requires that in order to be a duty-free car produce in north america 75% of the content has to be produced in the region and 40% of the content has to be produced by 16 dollar an a hour labor. have specifically discourages automanufactures from moving production to mexico for cheaper labor which was a huge issue -- think or for the the likes of general many tores. >> a nice safety net and it is because it puts percentage that holds people accountable and countries accountable you dent see these type of deal but here we are with percentages so forth that really helps out union workers. >> one the storylines with gm closure is that it represents something bigger in the economy oh no look what was happening in gm that means that u.s. economy global economy, slowing down, but to dagen point this seems much more like a gm specific question trying to put themselves in a position to de

and canada. the agreement that we will sign today expresses the share will by our three nations to work together towards the world being and prosperity and each one of our societies. this day is the culmination of a long process based on dialogue and negotiations that overcome differences and visions, one signed agreement will be send to congress' to gratification, it is then when the instrument bears fruit by offering more inclusive firm on modern foundation for future exchange. the negotiation of usmca allowed to reaffirm the importance of economic integration in north america. for more than a quarter of a century ago, our country has maintained very tight trade relationships such as trade has transformed mÉxico today our exchange abroad represent more than 70% of our growth domestic product. and this has contributed to the sign that today benefits of trade with the world are valued by the mexican society. new trade agreement was aimed to preserve the view of an integrated north america with a

is a broiled in trade disputes with europe canada and china. and a border fight with mexico as well as a climate policy that is modeled it best trump will just like the previous g. twenty be surrounded by leaders who have siri.

and canada. the agreement that he would will sign today expresses the shared will by our three nations to work together towards the well-being and prosperity of each one of our societies. this day is the culmination of a long process based on dialogue and negotiations that allow us to overcome differences to con sill united states our vision. once signed, the agreement will be cents to congress for ratification. it will be then when this innovative bears fruit by offering a more inclusive firm on modern foundation for our future exchanges the negotiation the usmca allowed to reaffirm the importance of economic integration in north america. for more than a quarter of a century ago. our three countries have maintaining very tight trade relationships trade has transformed mexico. today our representations abroad represent more than 70% of our gross domestic product. this has contributed to the fact that today the benefits of trade with the world are broadly valued by the mexican society. rebalancing

but i want to put it in the context of canada. our poppy harlow interviewed prime minister trudeau and asked him about the you know trump's tariffs on steel on the rest and how they might have brought him to the table on renegotiating nafta. this is the exchange. and we'll talk about it. >> the tariffs are actually hurting american businesses. american workers are losing their jobs because of the steel and aluminum tariffs. and we're going to tint to make arguments based on facts, not based on -- on emotions or insults. >> okay. so the point about tariffs, the president said in the rose garden when he announced this deal. quote without tariffs we wouldn't be talking about a deal. is he right? did tariffs force canada's hand. >> on the contrary. we have been open from the very beginning to negotiate a new and modernized nafta. it's one of those things we recognize that a 25-year-old trade deal always has ways to update for a digital economy for modern expectations and we were able to do that. >> i want not the case that there were

i think that removes a huge cloud over the canada -- over canada, the u.s. and mexico. over the long-term it is not good for global growth. frankly it is not good for any economy over the long-term. all of us are hoping there is some kind of accommodation in that respect and we will see whether there is a resent. that does not mean they are not issues here. they need to be addressed. issues of technology, intellectual property. these are important issues. hopefully through this discussion we get to a world tradethere is more freer and less issues i just talked about. amanda: we are still in a regulated world. your tier one capital ratio went up again this quarter. is there such a thing as too high or too conservative on it comes to the banks? >> we like our position. 12% is very healthy. it at theked about how we think of capital. we want to make sure we have more than adequate capital to reinvest in our businesses, are growth engine. we are a 163-year-old growth company. we look at acquisitions. there is a compelling opportunity from a financial, strategic and risk per

by the way for ohio our biggest trade partners canada by far. second is mexico. china is a distant third so for us it is incredibly important to have that in place. third i would say is rebound with china and that a section 301 against china. that is different than 232 because it is based on a sense of fairness or unfairness. the government may step in and say the 301 is not properly being implemented but the fact is if you read that 301 case against china, it is very specific as to what we are asking for and it does have to do primarily with intellectual property so it has to do with hacking and licensing agreements has to do with things where china is not playing by the rules that is not a level playing field. china wants to come here and set up a company they are free to do so but it is typically not true with regards to the u.s. as an example. the intellectual property that is often taken in this process is used not just in china but often comes back here to this country to be used again unfairly in the sense that we have intellectual property laws in place t

and on terrier in canada production also you see said to as yet unnamed plants outside of america by the end of twenty nineteen in lordstown ohio workers despair not just for those being laid off but for the whole community for every one of our jobs you know i've heard around seven jobs on the outside are. obviously impacted so you know not only not only the folks that are working. in the parts applying sector but look at the grocery stores right look at the restaurants the doctors' offices the hospitals g.m. says the layoffs on necessary to adapt to a changing u.s. kamarck it sales of sit downs are down a sales of s.u.v.s and trucks grew the company also says it will focus more on autonomous and electric vehicles it's been ten years since general motors was bailed out with taxpayer money a fact not lost on the united auto workers union which is about that the decision will not go unchallenged g.m. has production decisions in light of employee concessions during the economic downturn and a taxpayer bailout from bankruptcy it said put profits before the working families of this countr

your money if not in canada? where would you give the stability? isnk the case for canada clear. now what we need to do is provide the investment vehicles and the activities for capital to the benefit of canadians. day this isf the more to do better for canadians. -- wew the infrastructure building the canada of the future. >> that was my interview with the canada minister of infrastructure. bloomberg is becoming more intertwined with the saudi government. the megaonsequences of deal is continuing to unfold. this is bloomberg. ♪ >> this is bloomberg markets and i am event a leading in toronto. in-- i am yvanda lang toronto. >> let's bring in the bloomberg news newcomer. --omberg took uber took billions of dollars from the saudi fund. how have they been dealing with the fallout? >> the ceo pulled out of the saudi conference. they told the saudi board members that they could not participate. largely they are trying to weather the storm. the deal come a raising $3.5 billion from the saudi public investment fund in

-canada trade war, now that not buying u.s. soybeans, canada could be benefiting from that. jim: we are not interested in benefiting from problems that interested inhere a rules-based system. that's why we call the meeting of 40 nations in auto what just a few weeks ago to talk about is forum of the wto, which badly needed. there is consensus on that point. now we have to find consensus on how to reform that. objective was to put together a small group and then build out, and we were gratified to hear that the chinese government supports the way we are going about this and will be kept informed every step of the way. haslinda: what changes can be made immediately? jim: the reforms necessary or dispute settlement, there are problems with notification and with rules. it has been a long time since the wto was formed. there is now increasing fresher and urgency that canada thinks it has a constructive role with some creative ideas to establish a frame of conversation, and that is exactly what has happened so for and will continue in the future. haslinda: is a crisis looming, jud

and canada where wages are higher. if you take the oshawa plant out and production, you have to wonder if it affects the calculation? it is something people will look at going forward. justin trudeau unhappy about gm closure, inserting it into this ceremony, calling it a gut punch to canada. he also noted that the president has not lifted steel and aluminum tariffs on mexico and canada, and that is not fair, he said. alix: when you look at that, where we are now and where we are going, how do you hedge on monday morning? steve: you wait. alix: in cash? utilities? steve: wait. we have been in a position at federated, we are overweight equities, 5%. marite turbulence and ket, you have strong fundamentals. but theyry to game, are impossible to call. there is no way you can predict the way the meeting will go between trump and xi. howare positioned fundamentals tell you to be positioned. going forward, this is on things that are predictable. if you have to put odds on, you get something out of the weekend. maybe agreement

a or us mexico canada agreement is set to replace nafta u.s. fries and donald trump as fresh as into negotiating a new path saying not that was unfair to the u.s. and bad for american workers live pictures from buenos aires d'esprit and kimberly hall credit who is covering this g. twenty summit for us so we're expecting this new deal committee to be signed any moment now of the g. twenty. yeah that's right this is a significant moment but we should point out it's largely symbolic right now when the three leaders from canada the united states and mexico signed what is known as the u.s. m.c.a. replacing nafta it still has to be ratified in the u.s. congress it'll be a pretty straightforward process when it comes to mexico and canada but it could be a challenge given the fact that there has been a midterm election in the united states and there is now a democratic house that will be controlled in january and there may be some issues when it comes to democrats with some of the language so well this is a symbolic signing it's certainly somewhat a vi

iran for its energy needs snapping up barrels and the great white north here with the details from canada is our team's alex mahela bitch hey alex what's the latest on this i was a little bit shocked to see it maybe i shouldn't be but give us the lowdown well you know bart as well as i do our oil is tar. and it's not really the cleanest stuff on earth but it's at bargain prices right now and as you mentioned china always knows a good bargain when it sees it if you will compare numbers back in april they bought about one point five eight million barrels of canadian crude and actually i should say that's what they bought in september that's about fifty percent since april when it was just around one million barrels at the time so they're buying it up obviously that's a lot more just in a few months time and there's a few reasons for that now you know as you mentioned you mentioned iran there that's one of the things you know china doesn't really want to rock that boat too hard with the united states in the sanctions so it's looking where else can we buy oil but also the other boat we're tal

oil and turning to canada so that's a ding in that direction as well but their second. very fuel to this oil that's dirty oil that we have here that's bitching and china needs the secondary level of that oil as well as the oil for fuel because they have a huge boom in building so that stuff it's basically tar so you can use that for roads you can use that for runways you can use that when you're putting roofs on buildings so they see that secondary stuff that a lot of people say is the bad stuff as a beneficial to them so when they ship it over to china they can use that oil on both ends. the we talk about the price differential alex i mean we'll be talking about a little bit later and see what the numbers are at the closing bell but is way down again today just north of sixty dollars for the west texas intermediate but i'm sure the chinese are going to could all of a sudden buy more u.s. oil now with this trade war tit for tat going on while they continue to buy canadian oil you think. well you know canada's in a good position especially because of the construction we'

so ca being canada put there the and probably not liking that too much in fact canada's had a bit of a sour mood about this agreement because in place still are those very steep tariffs once again put in place by donald trump on canadian steel and aluminum into the united states that was not removed so the canadian prime minister referring to this is the new nafta throughout the signing ceremony and even donald trump well he's sort of been celebre tory with regard to the signing of this it's a bit premature given the fact that it has to be ratified in the u.s. congress and already democrats who will control the house of representatives back in the united states come january say hey not so fast so there are some significant concerns about this agreement in the united states that is expected to go through canada mexico without any problem but that's why it will donald trump a sounding or trumpeting the agreement being signed it is a bit premature to be so celebrate tory ok can't really help it live for us but i thought is complete thank you it's good alan fischer now the other major is

and canada. the united auto workers certainly wasn't pleased with that and that plant by the way i think i read that it was opened in one thousand nine hundred fifty three and for you those canada files let's get a lease birthday and for the auto guys that was the first year of the chevy corvette one nine hundred fifty three some weird knowledge i have but many are calling this news pretty devastating and our need to keep in playing the blame game what can you tell us about that alex well that you know we're talking about twenty five hundred jobs as you mentioned in this is the asha what plant nine hundred fifty three is a city outside of toronto which basically depends on auto market manufacturing this is devastating for the city so obviously the premier doug ford who is probably remember rob ford the mayor of toronto this is his brother he's the premier of ontario did everything that he possibly could to turn things around offering cheaper electricity offering tax incentives he said this is a n

crossing over into canada. and the -- the satin bow ties tell them to go to the church and get married. and double wedding rings. and then the flying geese stay on the -- all of that sounds very much confusing. but each one is very significant. and they would know what it meant, the flying guess would mean that they are following the north -- they're going north to canada. and then they're traveling until they see but they would always look for the north star. this is a north star quilt here. once -- they followed the north star, they can keep going north. they know that they're going north. so they had to learn to read the stars. that north star in particular. so all of these codes were in the quilts. this is just one of the many secret codes that they use. we're stepping into a side porch here in jacob burkle's home. there were no walls over here. this was all open. there were no -- there was no ceiling there as well. all of this was open. and then we see the large door that opens the -- into the cellar which

following the recent trade agreement between the two countries and canada. >> good morning. i'm the vice president at the workings institution. thank you for being here this morning. ofm pleased to welcome all you, as well as to extended members of the community who are watching the live webcast of this event. my job is a simple wanted it. it is to welcome you and to welcome our distinguished guest here to brookings. we are pleased to welcome mexico's ambassador to the united states, geronimo gutierrez hernandez. the us served with distinction since 2016, he chose that timing to make his life as hard as possible. prior to his appointment, he served as the managing director of the north american development bank and before that, he held several positions in the government of mexico, including as undersecretary for latin america and the caribbean and was responsible for the normalization of mexico cuba relations and the establishment of diplomat ties with venezuela. handlingl trained at difficult relationships. we are pleased to welcome former , israel knowor, him tony blame.

canadians got here because team canada was driven by the interests of the middle class. free and fair trade leads to more and better paying middle class jobs for more people, and the benefits of trade must be broadly and fairly shared. that's what modernizing nafta achieves and that's why it was so important to get the new agreement done right. as a result the tariff-free access that nafta guaranteed for 70% of total experts is secure, and that's essential for businesses, families, intrapreneurs and hard-working people in every corner of our country. as i said, the task is not done. there's more hard work ahead to build resilient strong economies that support families everywhere in canada. as i discussed with president trump a few days ago the recent plant closures by general motors that affects thousands of canadian and american workers and their families are a heavy blow. make no mistake we will stand up for our workers and fight for their families and communities. donald, it's all the more reason why we need to keep working to remove the tariffs on steel and aluminum

i think canada is in a similar position. you look to europe, canada and the u.s. are so much stronger than our european counterparts for a lot of good reasons. that shows up in the bond market. 48 basis points for german bonds, or 1.5% for u.k. it tells you it's a very different market compared to the growth we are seeing in the expansion in north america. jon: fair points. i wonder about the average mortgage holder in this country or maybe a first-time homebuyer. you chair the cmhc. you have done research that suggests 85% of first-time homebuyers are going as far as they can go with a purchase, almost maximizing their budgets. i wonder what will happen on the housing side in this country has rates continue to creep higher. robert: i think the average anadian, most canadians take -- 25% of them reset every year. it will be a gradual increase. i personally don't think there will be a lot of impact in terms of housing prices as rates slowly edge up. i don't think it will be an issue. the only real issue will occur in the next downturn when people realize how much d

new deal with canada and mexico. work to do on the trade deal but we watch the signing earlier today. is it a good idea to meet with putin or should you blow it off this time? >> i don't think we should meet with putin. there has to be consequences for bad acts and what they've done with the ukraine. i think the president is right to step away from that meeting at least for now. >> bill: okay. what about president xi of china? do you believe there is a deal to be made in argentina or are we weeks or months away from that, sir? >> it's important that both leaders sit down and talk and a deal is possible but i think what's important to note is everyone saying it's high stakes. this is just a meeting of opportunity. if they can cut a deal great, if they can't president trump will walk away and wait until he gets a good deal, not just any deal. that's important to note. we're saying china lie, cheat and steal. if we don't have a better relationship with china on the trade front our future is in jeopardy. they'll be the e

is a broiled in trade disputes with europe canada and china. and a border fight with mexico as well as a climate policy that is modeled it best trump will just like the previous g. twenty be surrounded by leaders who have serious disagreements with him. two meetings with chinese president xi jinping as russian president vladimir putin will be closely watched we can have trade that's meant for stupid people troubles railed against what he calls unfair trade practices by the chinese and has slapped import tariffs on hundreds of billions of goods he's threatened to significantly increase those tariffs next year his meeting with will be an attempt to cool tensions were someone in his meeting with putin comes as russia's latest incursion in crimea condemned by european allies has heightened the possibility of war with ukraine. it will also be the first time trump is in the same room as saudi arabia's crown prince mohammed bin solomon since the death of jim. he's the washington post contributor who last month was referred in the saudi consulate in is

one thing to do is make in the news again this time north of the border in canada according to a coalition of environmental groups the canadian government was secretly influenced by the company during an approval process for roundup or teas alex mile of it reports in toronto. it's a company that screws up the public's emotions around the world. just a few months you go around the floor real people's concerns that don't want to learn go. on for years. and take the play back under the strain of fighting sign up cause by. using all of this here are much easier to go g.'s this case ultimately led to ground keeper dewayne johnson winning seventy eight million dollars in a civil suit against monsanto he claims that rounded up caused his cancer consumers have recognized the potential risks answer now it's this case which is now helping stir controversy in canada. based on court documents be public in california a coalition of environmental groups believed that monsanto had a secret role in producing studies which influence the canadian government's decision to approve life is say a couple of year

amanda: and fully legal across canada now, sarah. does it make a difference here? that it is clear of your and legal nationally? >> i think they will be watching very closely, because they expect canadian consumers will be very similar to what we see if this would ultimately become legal nationwide in the u.s.. one thing in particular they will be watching is what kinds of products in canada get traction now that the business is able to come out of the shadows? some products are infused with thc, the type of cannabis and the ingredient that gets you high. cbd, ae made with compound that does not get you high but has a more medicinal, anti-inflammatory quality. they will look and see what is getting traction with canadian consumers and how does that shape where they will be looking in the future? shery: it is early days in terms of the lot of possible outcomes. what about the potential blowback on a branch to being associated with this product before we know a lot about it? what we are seeing so far is there does not appear to be a lot of reputational risk here. a s

so maybe weeks the canada will -- tweaks that canada will be happy to see. but we don't know. markets as we know don't like that at all. took atech shares hit with apple leading declines. you see the nasdaq fall .8%. u.s. stocks declining for a fifth consecutive session. the dow falling .9%. the energy sector. trying to get back into the green, trying to call back losses. this is my second year in new york and it is called. not surprising natural gas gaining the most in more than nine years. amanda: you wonder where there is some short squeezing going on as well as the cold snap in net gas -- nat gas. the price of oil falling steadily. the differential between that wti price and the price of oil stocks, you can see it is widening. energy stocks performing relatively worse than even the declining price of oil as that they can't actually capitalize on any turn in the price here. a very unloved sector. we are watching brexit leslie. -- exit closely. -- we are watching brexit closely. theresa may fighting for support from her own cabinet. in terms of possible outcomes emergese is

in massachusetts, canada, nevada, certain key markets we want to take ownership right now we're about 75-25 between -- 75 as agent, 25 as principle. over time as we expand our business, we intend to make capital injections into key markets and get to a 50-50 >> that's terrific tell me what it's like up in canada right now we had the hoopla. are the states getting together? seems like each place is a little different just give me the lay of the land >> great to be an operator frankly. we have produced and sold more legal cannabis, 125,000 kilos. now with capital, we're also a smart capital allocator. so we have seen the capital markets run ahead of the advancements operationally we know what it takes to grow the cannabis, extract it and sell it into the markets now it's about being an asset manager. before it was about who owned what licenses in what markets. that's where the operational excellence of mjardin is going to shine operating these assets, creating real revenue so right now we see in canada, the first wave from a capital market standpoint is done. now the second wave, we can

mexico canada deal, which everybody has been waiting for, sort of the big moment of the kick-off here. that was this morning right after the trade representative ambassador spoke to the press. close to the end, after everybody had asked about different issues, i did have an opportunity to ask him about exactly what we can all expect that will come out of the china president trump meeting because it's a dinner party tomorrow. it's an early dinner, and then the president books out of here. he's got to get back to the united states. and there was a pause because he started to say i absolutely -- here's the exact quote. i would be very surprised if the dinner wasn't a success. i believe it will end with a very positive -- and we're waiting -- and he said feeling. listen, as we parse every single word and every single moment and every single car that's coming into right now, live, in buenos aires, people looked at that and i immediately thought well does that mean that we're just going to get sort of a freeze or an agreement for a framework of discussion in the future between the two natio

in canada this deal is called the cumca. a little diplomatic push and pull there with prime minister trudeau putting canada first. the president, part of the reason he wanted to rename it, was to put the united states first. >> he wanted to rename it because he was critical of nafta. much of the content did not simply come out of the solar system. much of the content, of all places, came out of the trans-pacific partnership, which if you recall in the first week of his presidency, donald trump took the united states out of it. this is an asia pacific trade agreement. after criticizing that, a big part of the content of the usmca was essentially cut and pasted from that. so just saying. which is not a bad thing, just an ironic thing. >> there is, susan, the notion of passing this through the congress first. the president can sign it here, but as he referenced a moment ago, he has to get this through the congress. chuck schumer said, quote, the president deserves praise for improving on nafta. he likes what he sees effectively

it is good for canada, and good for the region as a whole. it works,perfect, but and given the circumstances, that needs to be taken into account. what are the things that i would point to that i think allows us to get to where we are? one, two years ago, when we came in and started to listen to people, experts foreign ministers, trade ministers, about how to handle this one, the recommendations were completely different. that reflected the fact that nobody knew exactly how to do this and that is where we started. but i would say for things were important. ,ne was establishing trust irrespective of the points of each of the parties. did not see eyeball to eyeball on many is on the trade agenda with the trump administration, but we needed to establish trust. it was difficult to get to an agreement when you do not trust the guys on the other side of the table, irrespective of what you think of either position. in we were able to establish that. the second thing is that we managed, i think, to engage a broader coalition. this is not only about t

maybe because ca stands for canada that's at the end and also the fact that still looming through all of this and not in that agreement with the lifting of tariffs on canadian steel and aluminum that is put in place by goods shipped to the united states from canada so there are still some sort of thorny issues between all of these players but at the same time donald trump projecting this is a victory somewhat prematurely many suggest all right thank you very much it's with all the latest on president trump's schedule and some of the issues he has been tackling today thank you very much kimberly. a lot so holzhausen demonstrators have been rallying in one desirous in protest at the g. twenty economic policies and the demonstrators on lighting to get anywhere near the need as though he calls the police and border patrols of cordoned off a twelve square can only say area. around the convention center where the summit is being held public transportation is also suspended in a city with hundreds of intersections blocks to control traffic and grounds. ukraine has banned russian men between

to canada but these changes are perhaps not that significant if you consider the damage that this whole uncertainty has actually done to these exact same industries let's not forget that during the time where it was unclear whether the u.s. would pull out of nafta completely and not have a trade deal with canada and mexico many companies halted investments left their current positions as they were fired employees because they were unable to plan for the future now this has of course taken care of those issues assett it provides relief but the damages are very profound and the wounds are very profound to. talk about another big topic there and one as i said is the trade spat between the u.s. and china what are you hearing can we dare to hope for progress. while it is very common to see you as the summit progresses many voices coming from the negotiating teams that they of course want a success out of this summit as well and they are hoping for some kind of agreement between trump and she being what many expect expect to see here is a mock deal if you will both trump and she being saying

he will have the trade deal done with canada and mexico. if he can cut an immigration deal going into the 2020 re-election campaign that will be fabulous for him. and he won't say that he lost. >> he never says that. >> you watched him and known him for a long time. do you think he operates from instinct or analysis. >> combination. >> when he does this thing, i am going for the cultural issues not the economic issues. >> arguably the best instincts i have seen politically, but people haven't given him enough credit for test his analytical capability. he is analyzing the data saying i need to get the voter participation up. i am going to go after my base and tell them this is an election about he moo personally and i am going to barn storm the nation. he is is what the nfl calls a game changing player. the other presidents said you know what, rose garden strategy, a couple of campaigns. he is acting like it is the 2016 election. whether you like that about him or not i give him credit for the energy. >> let me say on trump. it is not about

portfolio ofll hydra acids in canada -- hydro assets in canada. if we can take the proceeds and redeploy them into created investments we will create value for our shareholders. that is consistent with the strategy we have had for 20 years. oftentimes the buyers are other asset managers who might have a lower return threshold area it could also be governments. we broadly marketed this and we saw all types. we had interest from all around the world. >> what creative projects are you talking about when you talk about where to deploy the cash? to reinvest the capital. if you look at the last five years, we have put together almost $4 billion out of equity. generally in that return threshold. we are targeting. for someone who can buy maybe a seven or eight percent return target that is always a good use of our capital. what are you looking for to deploy the cash? what is on your interest list? >> we are a global investor. we have operations around the world. we have a large business in europe. today we have seen assets in north america tend to trade a

mexico canada tree trade agreement. a lot of people finding it hard to get away from the term of nafta. because it is no matter what you call it officially it's something built into our heads over the last 20-some years. but again, those signatures taking place right now in this historic signing this is pena nieto's last day in office we heard before this he awarded the highest honor in mexico to jared kushner before coming to this room. as eamon mentioned, there were a lot of niceties between these leaders. a lot of people wondered if this would actually happen. >> andrew at this point, he's got three names. so used so signing things. >> just become one line. >> basically just a line >> i've seen you do that >> yeah. >> it's brevity. >>> we are going to take a quick pause and come back in a minute. there's a lot more to talk about this morning come coing up, trade in focus as we head to break take a look at u.s. equity futures we'll also be talking about that big data breach at marriott that's making a lot of headlines

the one in canada, ontario canada. one in the u.s., detroit, michigan, one in warren, ohio. two key swing states. ones that -- a lot of workers in those communities have experienced with shouldering plants and those have political consequences. >> they do. >> we should note gm stock on the current stock exchange is currently halted. you won't see that necessarily reflected in the dow at this point. >> we'll keep a close eye on this and update you with more as soon as we have it. if you're on medicare,... we've got big news. this year,... unitedhealthcare medicare advantage plans... including aarp medicarecomplete insured through unitedhealthcare.. . offer you a whole lot... . more. more choice... more benefits... and more ways to save. call unitedhealthcare today to learn more about our broad range of... medicare advantage plans including the only plans to carry the aarp name. for one low, monthly premium or, in some areas, no premium at all... aarp medicarecomplete plans can combine medicare parts a and b, hospital and doctor coverage... with part d prescription drug covera

born in eastern canada a replayed at the junior level in u.s. and canadian cities but his big league debut paved the way for many of today's black hockey players when i was fourteen years of age i set two goals for myself the first ones to play professional in the second one was hopefully to get into the national hockey league despite his breakthrough it wasn't easy aree often faced racist taunts from fans and other players and even had to fight during games to get respect now at eighty two he travels north america encouraging young players who look like him to strive for the big leagues the opportunities are there you know if you feel strong and if you do have some talent and skills you just have to work towards and say hey i've got to this golden temple to get into the league much has changed since willie o'ree first broke barriers in professional hockey there are major stars who are black and many more of them than there used to be but those who follow the sport say there's still room for improvement but there's no longer a color bar in the n

mexico and canada have signed a new trade agreement replacing not u.s. president donald trump had pressured his neighbors into negotiating a new pact saying nafta was unfair to the u.s. and bad for american workers. this is a model agreement that changes the trade landscape forever and this is an agreement that first and foremost benefits working people something of great importance to all three of us here today president. i must say opinion and prime minister today. we work toward of this agreement it's been a long and hard we've taken a lot of barbs and a little abuse and we got there it's great for all of our countries but overshadowing the two day summit is the murder of. the saudi crown prince has faced protests and legal complaints against his attendants over his alleged role in the journalist's killing and a meeting between russian leader vladimir putin and donald trump has been called off after sunday's naval confrontation between russia and ukraine in the black sea it's led to pressure in the united states and european union to consider new sanc