let's consider usmca. on usmca. usmca.ratify thank you, mr. speaker, and i yield back. the speaker pro tempore: the chair recognizes the gentleman california, mr. costa, for five minutes. i ask unanimous consent to address the house for five minutes and to revise and extend my remarks. the speaker pro tempore: without objection. mr. costa: mr. speaker, i rise talk about the united states-mexcio-canada trade the need for commonsense change to see that our trade policies with mexico canada da better reflect -- canada better reflect the current economic conditions and that occurred since the initial act was put together over 25 years ago. the administration's trade though, currently, with these tariff wars, i believe, are not only hurting but they're hurting our farmers, ranchers, dairy men and women. it.s be clear about these are hidden taxes that pay and that well.lture pays as the united states-mexcio-canada agreement, i think, would address these concerns if we get right. as chairman of the subcommittee on livestock and foreign agriculture, opening new trade for agricu

that is what usmca is. guest: bill, on this point of reciprocity, before nafta we had a small trade surplus with mexico and we had a small deficit with canada. 25 years into nafta, we have a $180 billion deficit, starting so we start with reciprocity and we went into the tank. that shows basically what happened over time. but here is what is crazy or . study, even the cooked version of it, even that version we will only see $1.8 billion of deficit reduction. so, no, this agreement unfortunately does not get us through reciprocity. again, if we can get the pharma stuff out and get the labor and environmental standards enforced, it is worth viewing doing because it will stop the ongoing job outsourcing. no one should think this agreement will be the answer to everyone's problems. host: a little bit about our guests. lori wallach is the global trade watch director for public citizen, which is? guest: public citizen was founded in the 1970's by ralph nader. we have about 500,000 members. you can see how we are

being that framework, nafta or usmca. i think nafta brought many benefits. it was not equal benefits for all sectors. not for all regions. there were regions and sectors that were losers. both in mexico and the u.s. and canada. and others that were winners. but nafta being a good agreement for those sectors, it was already an old agreement. so i think usmca has areas that are very fundamental for the three countries. the information that i have after many long conversations with senators and congressmen is that they think that not to ratify usmca and at the same time pulling out of nafta would be a total catastrophe for the northern american region. so i don't think that this idea of using the threat of pulling out of nafta to have usmca ratified is a good idea. usmca has to be considered and ratified based on its own merits, and we have also said to congress that it should not be considered also like a fight or an idea or if we give president trump a political victory or not. the usmca has enough merits on its own to be considered like that in the first pla

madam speaker, bring usmca to a ote. madam speaker, today the house is voting on the reforming disaster recovery act. this is a nonpartisan bill to help families when disaster strikes. in wisconsin we have seen our fair share of storms, tornadoes, flooding. -- flooding. when a storm hits, resources and assistance must be readily available. that is why this bill is so important. we must have a plan in place to avoid the storm to avoid waste, fraud, and abuse. this bill does that. right now the housing and urban development department, h.u.d., does not have a codified process in place to distribute assistance to communities in need. the bill requires h.u.d. to have a clear process in place before disasters strike. madam speaker, i urge my colleagues to vote in favor of the reforming disaster recovery act. we cannot always know where a storm will strike or when it will hit, but we can take steps to be prepared in response. i yield back the balance of my ime. the speaker pro tempore: the chair recognizes gentleman from calif

usmca is real deliverable. the idea she is trying to barter getting that vote for usmca for an impeachment vote i find absolutely horrifying. i don't know if that is true or not. connell: makes sense from her point of view. >> maybe but it is pretty disgraceful, right? those, those newly, i think it is really 22 newly-elected democrats in trump districtses that are perhaps queasy about voting for impeachment, this is the way, holding up something that will create jobs, help farmers, do the job you're supposed to be doing in regard for getting those impeachment votes i think that is a disgrace. connell: probably argue should have had it done already. >> yeah. connell: maybe by the end of the year. good to see you as always. >> thank you. melissa: two key witnesses in the democrat impeachment probe facing tough questions on president trump's phone call with ukraine. we're live on capitol hill where all this stands now. >> california in the dark. hundreds of thousands of resident bracing for more blackouts as the

i'm for usmca. i was for tpp. i think i'm to the right of the conservative party when it comes to nonbarriers for the country. this is a very important issue because this has a lot to do with making sure that labor enforcement and wages are being put at the right amount in mexico. so otherwise -- david: raising wages -- >> raising wages in mexico closer to ours so therefore what's called living standards, you know, we don't move businesses offshore because there's a labor arbitrage. that's critical. that's why said before, there's labor and environmental issues and other issues. i think jackie said it right, if you took an up and down vote, it would probably pass, but i think it could pass, you know, with 75 plus percent of the vote if we had that. it would truly be bipartisan. >> it is not a high priority for them right now. that's really a shame. i mean -- >> yeah, and david, as frustrating as those types of provisions are because they in effect raise the price for those fous here in the states -- those of us he

the usmca appearing to make some good progress. sales inn to retail japan, which we are expecting in a few moments to see falling sharply in the month of october. this is after we saw the implementation of the sales tax hike. have a us with more, we partner of -- as we wait for the numbers to drop, i just want to draw your attention to the chart on the bloomberg terminal. it shows the effect of frontloading. waslast time the sales tax implanted in 2014, we saw a big spike in retail sales. are we expecting to see the same thing this time? >> this time, the consensus is the impact from the tax hike is going to be moderate and muted compared to the last time. quarterlypact on the gdp after the sales tax hike, which was a sharp 7% downturn last time. the estimate this time is going to be one to 3% on a quarterly year-over-year downturn. this is due to a couple of reasons. one is the sales tax hike increment is one point as opposed to three points last time. it is moderate. the government has rolled out and number of -- photo a number o

let's move on to what the president was saying about the usmca. he is saying nancy pelosi is basically holding up a vote on usmca to try to get votes for impeachment and that that is inappropriate and that she is incompetent. there is not much time left to get this bill done before the end of the session. what can the white house try to do to put pressure on them? >> there is not a lot. as the president said, this deal was negotiated over a year ago. it's been sitting in congress. no substantial changes have been made. is being held out because they were 31 democrats residing in trump districts so if you go on to impeachment, i will give you a usmca vote. we talked about democrats saying there's a quid pro quo and a need to change the language of bribery. there is nothing quite like that saying i'm not going to give you a vote until i get your commitment on impeachment. but there's something else happening this week. on thursday, the government runs out of money. and that appropriations bill, they've spent all their time so they can't do appropria

we have to get usmca signed. nancy pelosi cannot get it off the desk. just can't get it. the democrats, unions, farmers, manufacturers want it. the woman is grossly incompetent. we are having a problem. mexico and canada are calling saying what is going on? sitting on her desk. the democrats are going to vote for it. all she has to do is put it up for a vote. for months now, oh well, she likes it, she wants it, she likes it, she wants it. the woman is grossly and competent. all she wants to do is focus on impeachment, a little pipedream she has got. she can keep playing that game. i have been told and who knows if this is so, i think it is so, i have pretty good authority, she is using usmca because she does not have impeachment votes, so she is using usmca to get the impeachment vote. it doesn't matter because right now you have a kangaroo court headed by shifty adam schiff. we don't have lawyers, witnesses, anything. i just got to watch, the republicans are killing it, they are doing so well, because it is a scam, a big scam, they are doing something the founders never

that will be democrats' progress report if usmca goes nowhere. well, obviously, i hope that's not how the story ends. mexico has passed it. canada is waiting on us. i believe a bipartisan majority in the senate are ready to pass it. our workers, our job creators, and our neighbors are just waiting, just waiting on speaker pelosi. this is no time to kill a national victory out of political spite. this is no time to outsource your judgment to special interests. the speaker should allow a vote and the house should send us the usmca. the presiding officer: under the previous order, the leadership time is reserved. morning business is closed. under the previous order, the senate will prod to -- proceed to executive session to resume consideration of the following nomination, which the clerk will report. the clerk: nomination, the judiciary, barbara lagoa of florida to be united states circuit judge for the 11th circuit. the presiding officer: the clerk will call the roll. quorum call: quorum call: mr. schumer: mr. president. the presiding officer: the

-china relationship and what happens with usmca. let's see the politics aligned on usmca. i think we can get there. let's get a vote done and hope something positive and forward-looking on the u.s.-china front gets done. even if it agreement is reached in the next two weeks, we still work to do on a phase two agreement. we cannot let either side off the hook because they're are big issues to fill. subsidies, industrial policies, none of those were be addressed in a phase one agreement. brilliant, is myron executive vice president of the u.s. chamber of commerce. under armour is in this crosshairs as the stock has fallen under fire on accounting irregularities. that is next on "balance of power" on bloomberg television and radio. ♪ david: this is "balance of power" on uber television and radio. i am david westin. -- on bloomberg television and radio. i am david westin. under armour as its worst day in years. never good news when the feds are looking at your accounting. kailey: today it is enough to plead lately wipe out the stocks game. -- completely wipe out the stocks g

speaking of just moving forward, usmca, that's another big topical trade deal right now. you have the president just earlier today talk about pulling out, if there's no vote that happens, and putting the blame on nancy pelosi. what are your thoughts regarding the progress of the usmca and the dangers that could come from pulling out of nafta? >> i know that the mexican congress has sent to our congress a letter saying that they have just passed a budget deal and with an ample coverage of labor enforcement. i think the uncertainty again, to have the president say on one day he's going to pull out of it and on another day, it's the best agreement that's ever been negotiated, is a problem. would you want to invest if you didn't know what the rules were going to be? i don't think so. that's having an effect both of our economies, indeed, the global economy. kristina: ambassador, our own reporter blake burman, who is at the white house right now, is telling us that the issue with the progress with this deal going forward has to do with labor, that they can't seem to agree on t

that is on the usmca agreement. will congress give in and vote. as wall street dodges another record week, dow hitting 100 all-time high under president trump. strong winds put thanksgiving plans for many in jeopardy, weather threatens travel, it could ground the balloons for macy's thanksgiving day parade, that has not happened since 1971. we have this and more, but first -- top story. a new 2020 poll reveals moderate democrat joe biden and pete buttigieg rising in the ranks while elizabeth warren takes a nose dive as support for medicare for all and wealth tax plummets, could warren and sanders far left progressive policies be losing steam with voters? good evening, i am david asman, happy holidays, joining me on the panel, caroll, christine. and gary kaltbaum and steve forbes, the latest "quinnipiac poll" showing support for med medicare for all could be slipping, 52% of voters say this is a bad idea, and showing mayor pete surging to second place ahead of warren and sanders, elizabeth warren's numbers have been slashed in half from last month,

>> she talked encouragingly about usmca. she basically said it would be the easiest radial to get done, she is eager to get a vote scheduled. obviously, if congress passes it, the president would sign it. loring drug prices seems to be a place of agreement. if she can get some legislation done that her folks can run on in 2020, she would be happy to do that. david: anna is also with us. it did strike me, this seems to be a shift on her part. she had tussles in the past and said, let's pray for him. this time she said, we will work with his people. >> her staff is still talking to white house staff. it comes to usmca, trade representative lighthizer is still talking to democrats about this. there are still negotiations going on. there will be other areas where she will have to negotiate things that the president will have to sign. i thought itca, was interesting, she says they are close to getting it done. i said, would you do it without the majority of your caucus? she said, no, i have done that with other legislation but i

in less than 30 seconds, is there one or two things in usmca that will help our viewers? when you talk about selling more of our products around the world, what's the biggest impact? >> two things. great for agricultural products. secondly, more importantly, historically we've lost our manufacturing base to the rest of the world. strong provisions in usmca to make north america a powerhouse in manufacturing with detroit at the hub of that. it's all good. ed: peter navarro, the president's top trade adviser inside the white house. of course, you mentioned mr. lighthizer as well. we hope you'll be a frequent guest. >> hey, ed, it was a pleasure being able to answer some questions on this show. historically, that's been a problem. ed: well, it's good to have you on. we'll have you back. >> thank you. ed: in the meantime, colin kaepernick and the nfl at odds again this time over the details surrounding his workout in front of scouts in georgia. why was it moved at the last minute, and could with we see him play in the league again or is there a deep freeze for him? that is ne

usmca's hanging in the balance. nancy pelosi says we could see a sign in the near future but is she right? we will bring you the report coming up next with the very latest. i am the twisting thundercloud. i am royalty of racing, i am alfa romeo. (groans) hmph... (food grunting menacingly) when the food you love doesn't love you back, stay smooth and fight heartburn fast with tums smoothies. ♪ tum tum-tum tum tums with tums smoothies. like very high triglycerides, can be tough. you diet. exercise. but if you're also taking fish oil supplements, you should know, they are not fda-approved, they may have saturated fat and may even raise bad cholesterol. to treat very high triglycerides, discover the science of prescription vascepa. proven in multiple clinical trials, vascepa, along with diet, is the only prescription epa treatment, approved by the fda to lower very high triglycerides by 33%, without raising bad cholesterol. look. it's clear. there's only one prescription epa vascepa. vascepa is not right for everyone.

that is what usmca is. guest: on your point of reciprocity, before nafta we had a small trade surplus with mexico, and a small deficit with canada. 25 years into nafta, we have a $180 billion deficit, starting with reciprocity and we went into the tank. that shows basically what happened over time. but here is what is crazy or that itc study, -- but here is what is crazy. that itc study, even that version says you will only see 1.8 billion dollars of deficit reduction. so, no, this agreement unfortunately does not get us through reciprocity. if we can get the pharma stuff out and get the labor and environmental standards enforced, it is worth viewing because it will stop the ongoing job outsourcing. no one should think this agreement will be the answer to everyone's problems. host: lori wallach is the global trade watch director for public citizen, which is? wast: public citizen founded by ralph nader in the 1990's. we have about 5000 numbers. -- 500 and numbers. go to our website. host: and phil cox, trade

connell: maybe add usmca to all that. former speaker of the house john boehner was on with neil yesterday. you heard him say american voters expect more than just impeachment out of the congress. how about this impeachment push, pushing aside real issues and maybe pushing voters away? from "national review" contributing editor deroy murdoch is here in the studio with us. that is yesterday in the studio with neil. after today is the gordon sondland any way different? more focus on impeachment, what i think is fair to say the most dramatic testimonies so far? >> definitely dramatic. i would have opened with sondland. half the country fallen asleep. the hearings are so undramatic. they were not involved in conversations heard things second or third hand. this is somebody that was involved, did speak to the president. he did something interesting, widened people supposedly knew about this this was not renegade operation according to sondland, vice president, secretary of state and others reportedly knew about this. connell: v

usmca still looks good. the reports from capitol hill are very good on usmca. canada and mexico, obviously, are gigantic markets for our manufacturing exports and so forth, so that is going to be very helpful as well. so let's see. let's play this thing a day at a time come a month at a time, and so forth. jonathan: most people would say the european economy is slowing down because of what has happened between the tension between the u.s. and china. fiat chrysler and peugeot announcing a merger this week. by aot is 12% owned chinese motor corporation. has the united states taken a look at that deal? mr. kudlow: not yet. we will, obviously, look at it very carefully, but not yet. jonathan: but has the president said? mr. kudlow: the president has not commented on that deal. jonathan: do you think it is worth having a look because of the sensitivity around chinese owned companies? this is one of the big detroit car companies in the united states, part owned by a chinese motor corporation, because of its ownership of peugeot. mr. kudlow: we will take a careful loo

in the meantime, we can't get usmca approved because nancy pelosi is grossly incompetent. she is incompetent. you're about to find that out. thank you all very much. [inaudible] [inaudible] china has to make a deal i like, if they don't, that's it. i'm very happy with china right now. there is billions and billions over $100 billion in the not-too-distant future. china never gave us $0.10. and i give a lot of money to the farmers, i'm helping people that need help. because china is paying for it. in pouring cash into their economy. the supply chains are being killed. they had the worst year and 57 years. with that said, i have a good relationship with china, we will see what happens. if we don't make a deal with china, i will raise the tariffs even higher. thank you very much. [inaudible] shout the house intelligence committee and chair adam schiff continue public impeachment hearings against president trump come alive wednesday morning starting at 9:00 p.m. eastern on c-span 3 with testimony from u.s. ambassador to the european union gordon sondland. at 2:30 p.m. deputy a

if you go along with impeachment i will give you the usmca vote. there is nothing quite like saying i am not going to give you a vote owrntion smca until i get your vote on impeachment. lou: the radical dimms with their sham impeachment inquiry. the president making it clear it's up to the chinese to make a deal. about they decide not to do that, it's more than okay with him. president trump: china will have to make a deal i like. if they don't, the tariffs are in. their supply chains are being killed. they had the worst year in 57 years. with that being said, i have a good relationship with chairman xi. if we don't make a deal with china we'll raise the tariffs even higher. lou: joining us tonight, commerce secretary wilbur ross. the president making it clear to the chinese that he frankly doesn't care one whit what they do. it will cost them dearly if they refuse to honor the commitments they have made in so-called phase one, i take it. you tell us, is there a deal in prospect here or are the chinese so objec -- dothey not realize t he says? >> t

usmca's hanging in the balance. nancy pelosi says we could see a sign in the near future but is she right? we will bring you the report coming up next with the very peyton, what are we doing here? brad, welcome to peytonville. what's this for? song inspiration. i started in my garage, but nationwide protects so much i had to expand. nationwide helps protect everything you see in here, brad. every family, every business, every dream. see mrs. hoffman? nationwide protects her home and car, but also her dream of retiring to become a yoga instructor. oh, they have backstories. of course they do. here, i got more to show you. keep up, now. a little hustle. duda u.s. commerce secretary wilbur ross calling out democrats for delaying the ratification of usmca and the future the trade deal remains. house speaker nancy pelosi says a breakthrough on the trade deal is quote in minutes. the details on where the stance. >> we could see a ratification vote for usmca schedule by the end of the year. that's a house speaker nancy pel

but the usmca. why do you say that? and what do you expect to happen >> thanks for the question three reasons. number one, the usmca has a sunset clause that's 16 years. which means it provides the certainty that traders want. a china trade deal probably has a sunset clause of 16 weeks. it's not gonna get -- we're not gonna stick with it. canada and mexico are now both larger trade partners than china, which means the volume of the deal is much more important in usmca than a china trade deal and the deal would be passed by the congress if it does pass, which means it would be set in law rather than be reversed in an election year or after an election if we get a new administration so for all those reasons, usmca dwarves the china talks in importance unfortunately, this week, speaker pelosi looked to be gaming the deal a little bit and time is not on the side of the deal because it's hard to pass trade deals during election year so with every week that goes by, the odds for usmca fall. that would be a much bigger blow to

growing doubts we'll be able to get a usmca vote. that is a vote on the trade deal between ourselves and the canadians and mexicans before the end of the year, a signal out of nancy pelosi's office. it doesn't look good for that. that is yet another fuel to the selling fire here. "daily caller" editorial director vince coglianese. i always argued for some reason, the impeachment stuff is more noise to the markets. the trade stuff is much more important. do you think that remains the case? >> i think it does. especially no matter what happens in the house, we know how this thing ends. the senate doesn't vote to remove the president of the united states. this is a pretty feckless move in the end on house democrats t would be historic to vote for impeachment but it is not going anywhere because of republican senators. people in the markets no he that. impeachment will not change who the president of the united states is through 2020. neil: what do you make of the meeting president is having with key republican senators and mitt romney,

do you think that's one of the reasons nancy pelosi is not putting usmca to a vote? >> well, so we've been doing focus groups around the country, talking about impeachment and one of the clear take-aways is that independents in particular are just fed up, they think that congress is wasting time and their taxpayer money on this partisan impeachment witch hunt and what they would really like congress to do is start focusing on the issues that affect them, like passes usmca, like lowering drug prescription costs, like focusing on the border crisis. they want the congress to start governing. i think nancy pelosi might start feeling pressure, especially when we go day after day of these testimonies that don't produce any smoking gun. she might feel pressure to get something done in congress and bring usmca to a vote and i would encourage her to do so. lauren: kelly, howard, we thank both of you for the time and the perspective. >> thank you. cheryl: let's give you perspective on your markets this morning. taking a look at fewe futures, n 117 -- dow is down 117, nasdaq is

that includes usmca. i'm sorry to interrupt. it includes usmca. the president and house speaker nancy pelosi sparred over getting a trade deal passed. pelosi said she's waiting for final commitments from the trump administration before bringing the bill to the floor. the president weighed in at the white house yesterday. listen to what he said. >> usmca, i can tell you it's sitting on nancy pelosi's desk. that's the deal, the trade deal, the great trade deal for the farfarmers, manufacturers, works of all types including union. it's sitting on nancy pelosi's desk. she's incapable of moving it. it looks like she can't. she keeps saying she wants to get it done. we're talking about many, many months sitting on her desk, no votes. she doesn't have to help with the democrats because they're going to vote for it, most of them. i guess all of the republicans are going to vote for it. but the system is, the way the system works, she has to put it up for a. maria: what's the story, congressman. what is holding this up? are we going to see usmca passed thi

, and have often anada given usmca the green light. or farmers, ranchers, manufacturers, and everyone in between, we must follow suit. so many different industries can benefit from a modern trade agreement. in pennsylvania, nearly 43,000 depend on manufacturing exports to canada and mexico. pennsylvania e, in products billion to canada and mexico. there is no telling what lies ahead ential with a new revamped trade agreement. in pennsylvania, agriculture and the , in particular, is backbone of the commonwealth's economy. smca's elimination of canada's class 6 and class 7 dairy pricing programs would be a big farm families. these programs have unfairly limited our export potential the years. signing usmca into law will also major trade er partners like china and japan that we're serious about these of deals and we are committed to a bright future for american exports. we cannoto reason why pass usmca before end of the year. create more jobs, boost wages, and spur the nation's economy. waiting for? each day that passes without a opportun

so she is using usmca to get the impeachment vote. and it doesn't matter because right now, you have a kangaroo court headed by little shift at this -- shifty schiff, we don't have lawyers, we don't have anything. i watched the republicans are absolutely killing it. they are doing so well. because it a scam, a big scam. they're doing something that the founders never thought possible and founders didn't want and they're using this impeachment hoax for their own political gain to try and damage the republican party and damage the president but it has had the opposite effect because you've seen the polls and we're now the highest, i'm the highest i've ever been in the polls. you don't hear that on television because the news and democrats are one and the same but that's the story. one other thing i thought i would bring it up while we're here, i went for a physical on saturday. my wife said, oh, darling, that's wonderful because i had some extra time because it looks like january could be a busy month, if she is able to get the vote, sh

i would add two things of the first one, usmca actually is better for u.s. labor than the original nafta agreement. even if they can't get any changes, this is better than the status quo. second thing, we're all focused on the phase one china trade deal. the good that would do for the economy. i've talked to manufacturing ceos and i can tell you, usmca is a bigger deal. this is a big plus for gdp. these guys are waiting to make decisions about where to put plants, where to put manufacturing. they will make them as soon as that deal is signed. charles: jack, the idea about haggling over enforcement that is also a critical issue with respect to any deal we come to with china. in both cases no matter what we agree on on paper will be difficult no matter what. >> it is. as chris said this to me is a much bigger deal than at least the first phase of china because of the magnitude of trade that goes on between our three countries and the integration of processes between mexico, particularly between mexico and the u.s. in terms of production. so that's critical. ho

stauber: the time to pass the usmca is now. mr. speaker, i yield back. the speaker pro tempore: for what purpose does the the gentlewoman from minnesota seek recognition? >> mr. speaker, i ask unanimous consent to address the house for one minute. revise and extend my remarks. the speaker pro tempore: without objection, the gentlewoman from minnesota vked for one minute. ms. craig: mr. speaker, the number one issue that my constituents have asked me to address is the price of health care and especially the cost of prescription drugs. it's long past time for commonsense legislation to end the ban on price negotiation for drugs for our nation's medicare patients. this one action will hold big phrma accountable and encourage more competition. that's why the special interests have opposed h.r. 3 because it forces them to lower their prices for u.s. patients. we can use the money saved to lower premiums, cap out-of-pocket costs for our nation's seniors, and invest in the national institutes of health, lifesaving research and innovation. these are decision tha

comments that the president is more than likely to present his case, our crazy do nothing, where's usmca, infrastructure, lower drug pricing and much more, speaker of the house, nervous nancy pelosi, who is petrified by her radical left knowing she will soon be gone, they and fake news media are her boss, said on sunday's deface the nation, that i testify about the phony impeachment witch hunt. she said chi do it in writing, even though i did nothing wrong and don't like giving credibility to this no due process hoax, i like the idea, and will in order to get congress focused again, strongly

nancy pelosi says there may not be enough time to pass usmca by the end of the year. peter navarro is the assistant for trade and manufacturing policy and it's great to have you on the program. >> we have the seinfeld impeachment, nothing but. >> you've tallied it up, what can you tell us in terms of the opportunity cost. >> opportunity cost is a great concept of not doing something to the extent the plosive ways the legislative calendar on impeachment, she's not doing a bunch of things so let's run to the numbers coming start with usmca, that's the greatest brilliant trade on american history and they all pass it, it's about 200,000 jobs, its gdp growth, also performers like you had elise stefanik, the great congresswoman in her district she had the wisconsin dairy farmers going to get hammered. that's a big cost, drug pricing, this one is huge senior citizens getting hammered by nancy pelosi impeachment focus. it's about a trillion dollars in savings over ten years that are available if they can pass a drug pricing deal. infrastructure, the president wants $1.5 tril

and tell them that new hampshire, new england, and america need the usmca and we need it this year. [applause] vice pres. pence: so, it's been about cutting taxes, rolling back regulation, unleashing american energy and negotiating free and fair trade. and the results have just been incredible. when you think about what this president's agenda has meant to this economy, it's hard to keep up with all the progress we're making. since election day 2016, businesses large and small have created 6.7 million good paying jobs including 17,000 jobs right here in the granite state. [applause] vice pres. pence: i don't have to tell you that the stock market is breaking records left and right. in fact, earlier this week, all three of the stock market indexes set a record in a single day, making a difference in the lives of working families. i mean, i know the president often reflects that he had a fellow walk up to him and thank him for what was happening on the stock market and he said, mr. president, all you're doing for my economy, you make my wife think that i'm a financial genius because t

liz: and, charles, there may be breaking news on the usmca. we are getting that all together right now for you. in the meantime, markets are caught in kind of a battle of the blue chips. we got a warning from sis owe playing grinch to -- us cisco as growth fears cross-check nervous while, yes, the usmca might be about to exit the penalty box on capitol hill. but could a meeting less than one hour from now really clarify what is happening behind closed doors? standing by on capitol hill, the ranking member of the house ways and means committee. that is the first stop for all things trade in congress. texas congressman kevin brady, who may have some breaking news for us on usmca. he joins us in literally two minutes. from scary robots to biased algorithm accusations to the machines taking your jobs, it's the artificial intelligence takeover more foe than friend to we humans in longtime tech titan and form ercis coe ceo john -- former cisco ceo john chambers is here. plus, a fox business exclusive, sunpower's tom warner and jeff waters shine a li

fory: it would be nice nancy pelosi bring usmca to the floor. this is a partners -- bipartisan bill that will inject billions into the u.s. economy, provide almost 200,000 new jobs. why are the democrats reluctant to give the president a win? when they bring it to the floor, they will say it is a wonderful opportunity. that will work its way through. seeso think that we will movement around infrastructure, which has been the long talked about policy. infrastructure weak is every week. kelly: i'm not so sure if i agree with you. if they go through with the impeachment proceedings, they go on recess, they come back, they put it to a vote. the president has stated clearly, if you proceed with this, we will take it to the senate and we want a trial. the president will be obstructionist at that point. kevin: on the issue of usmca, a lot of democrats want it done privately behind the scenes. do you think it will cross the finish line? jason: i think it will, but we have to recognize the significance of this. from a job creation perspective world worki

everybody talks about how we're getting closer and closer to that, it seems like usmca should be done, hopefully, soon. >> reporter: they are, they are hoping for at some point this year but, remember, the timeline was october, then it moved to november, and now we're talking about this year, which would bring in december. liz: uh-huh. it's like a -- [laughter] a moving target constantly. >> reporter: you started off by talking about 180s, we have 180s every now and again in washington. [laughter] liz: blake, i'm glad you're at the helm there. keep us posted. >>> vaporized, with the closing bell ringing in 47 minutes and the dow down about 78 points, vape stocks are getting real smoked at this hour after the new york attorney general announced a lawsuit just a few hours ago against e-cigarette giant juul labs. now, altria owns 35% of juul, it's dropping nearly 3%. philip morris owns the juul rights outside the u.s. it's down 1.5%. up next on "the claman countdown," what attorney general leticia james accuses juul of doing. that is next. please, stay with us. ♪ ♪ (people talking) f

kevin mccarthy tied usmca to the impeachment process. listen. >> speaker pelosi promised they were on a path to yes. today in her press conference she thought it was in doubt they could get it done this year. i guess they were too busy with the only goal of why they wanted to win the majority, to impeach the president. >> reporter: he says they were too busy with the impeachment process to get to a ratification vote at least up to now. there's is growing pressure from freshmen democrats to get the vote scheduled. the house speaker said she told the freshmen democrats the legislative process takes time and there may have to be renegotiations with canada and mexico so they will have to wait for the vote. lauren: elizabeth warren taking to twitter to call out mark zuckerberg for coy. >> iin.>>cozying up torepublicay are looking into anti-trust allegations against his company. warren has been a vocal critic of facebook as well as other big tech companies during her campaign for president. cheryl: another facebook news to bring to you. the co

the usmca ?olt -- is not only an opportunity to strengthen north america's position on the global stage but it is important to our economy right here in the united states. earlier this year the international trade commission provided some insight into what we can expect to see if this trade agreement is ratified. the usmca is expected to have a positive impact on every sector of the u.s. economy. within six years we're looking at 176,000 new american jobs and an increase in american gross domestic product of more than $68 billion. that's bigger than the proposed transpacific partnership trade agreement. we can also look forward to more than a $33 billion increase in exports and more than $31 billion in imports. we know many of those exports and imports travel across the border in texas because we share 1,200 miles of common border with mexico and we have many ports of entry in our state. in 2018 alone, texas exported nearly $110 billion in goods to mexico and imported more than $107 billion from

liz: and, charles, there may be breaking news on the usmca. we are getting that all together right now for you. in the meantime, markets are caught in kind of a battle of the blue chips. we got a warning from sis owe playing grinch to -- us cisco as growth fears cross-check nervous while, yes, the usmca might be about to exit the penalty box on capitol hill. but could a meeting less than one hour from now really clarify what is happening behind closed doors? standing by on capitol hill, the ranking member of the house ways and means committee. that is the first stop for all things trade in

david: would you be willing to go forward with usmca with a minority of your caucus? majority of the house. speaker pelosi: i won't have that. it is not about that, it is about having an agreement on the trade agreement. have gone in the past to the floor with a minority of my members. but that is not to this is. this is about a policy that we not,stablishing that is that will pass something less that has true enforcement in it, because if you do not have true enforcement, i have chinese leadership in my office and i complained about the dumping of rubber and they said, when we joined wto, they told us we did not have to obey those regulations. so if you do not have real enforcement and a commitment to honoring the agreement, we are just doing a bad deal for america's workers. and workers in mexico and

by the way, usmca, it is sitting on nancy pelosi's desk. usmca, that is the trade deal, the great trade deal for the farmers, manufacturers, workers of all types including union and it is sitting on nancy pelosi's desk. she is incapable of moving it. she knows it's a great deal, she said it. she keeps saying she wants to get it done but we are talking about many months sitting on her desk, no votes, and they are going to vote for it, most of them and i guess all of the republicans are going to vote for it. but the way the system works, she has to put it up for a vote. and she hasn't wanted to do it because i understand a couple of the unions are asking her to hold it for a while because it makes trump look bad but i get a lot of votes out of there except for the top who i actually like, nice guy. but nancy pelosi should put it up for a vote because at some point pretty soon, you're going to have canada and mexico say what's going on, send the agreement back, let's not make the deal and i wouldn't blame them at all and that's okay, just blam

and it's an embarrassment to our nation and in the meantime we can't get usmca approved because nancy pelosi is grossly incompetent. and you're about to find that out. thank you very much. [inaudible] china is going to have to make a deal with iraq, if they don't, that's it. i'm happy with china right now, they're paying over $100 billion and china neighbor never gave us a red cent and i told you i gave a lot of money to the farmers and i'm helping people because china is paying, they're paying for it. they're devaluing their currency and pouring cash into their economy. their supply chains are being killed and they had the worst year in 57 years. with that being said i have a good relationship with china and we will see what happens. i'm happy right now. if we don't make a deal with china i will raise tariffs even higher. [inaudible] >> make your way out. keep moving. >> the senate is in recess for their weekly party lunches. lawmakers will be back at 2:15 eastern to vote on two judicial nominations for the us court of appeals for the 11th circuit. when the senate gavels back in you