they don't disagree but they also want him to cut a new nafta deal and end confusion. >>> the president berates her for her border security. >>> and a rally in one of 2018's safest places for the president: indiana. he says those with a midterm message should check their bank balance. >> nancy pelosi said yesterday she want to end the tax cuts and raise your taxes. i said, tell me, is that good politics? it's not about politics, but think about that from a political standpoint. i don't think her party was too happy. but you know what? that's her thought. that's what they want to do.

reporter: i was wondering if it's still possible for this congress to review a new nafta deal, given that the deadline -- the statutory deadline -- mr. ryan: right. people would think this is my deadline. it's the law's deadline. reporter: i understand that. if so where the wiggle room would be. mr. ryan: it would be at the i.t.c. the question is, can the i.t.c. contradict their time that they would take to process. and that's where the wiggle room would be. so it's really a question for the i.t.c. my guess is there's probably some wiggle room at the i.t.c. on how long it takes for their part of the process. but not an indefinite amount. that means time is really of the essence. reporter: it's still possible? mr. ryan: i think it is still possible provided the i.t.c. takes less time. reporter: mr. speaker, returning to immigration. is it still the white house's view and your understanding that they're sticking to that january framework. or are they throg talk about a narrower bill that could get that sweet spot where you get a vast majority of republicans -- mr. ryan: i'll have defer

also coming out today is the deadline for a new nafta deal can the u.s. canada mexico. trade agreement. and this is your business update. sanctions are biting and they've not even been imposed yet trump's threats to reintroduce measures fanning business with iran has spooked companies it was seen as a land of opportunity now a slew of from across the world pulling out leaders are scrambling to shelter european firms from the contagion the prospect of penalties for violating sanctions the loss of financing from u.s. banks and other potential consequences have some european businesses and iran racing to the exit. the world's biggest container ship says it will be winding down its operations germany's biggest insurer said it was preparing to wrap up their two seamen says it's halting new deals with iran and french oil and gas company to it will pull out of a multi-billion gas project if it can't get an exemption to tolls the move would be especially painful for iran that you bring in government had hoped the scale of the project would embolden other international businesse

sanctions on iran illegal but is this simply bluster also coming up today's the deadline for a new nafta deal can the u.s. canada and mexico clinch a last minute trade agreement. and on a winter and this is a business update. the iran sanctions are biting in america hasn't even introduced them yet the e.u. says that it will take steps to protect european companies doing business in iran from the impact of u.s. measures meeting in the bulgarian capital sofia leaders agreed on the needs to save the final fifty nuclear deal with iran a week after the us decided to pull out promising to financially support deals in the middle eastern country and crucially introducing a blocking statute this is a matter that's essentially the e.u. making it illegal to comply with u.s. sanctions on iran it's only the second time the e.u.'s threatened to use a so-called blocking statute the first was in one thousand nine hundred six as a response to u.s. sanctions in cuba but it was never introduced now as a slew of firms from across the world announce that they're pulling out of iran is unique as a scrambling

they don't disagree but they also want him to cut a new nafta deal and end confusion. >>> the president berates her for her border security. >>> and a rally in one of 2018's safest places for the president: indiana. he says those with a midterm message should check their bank balance. >> nancy pelosi said yesterday she want to end the tax cuts and raise your taxes. i said, tell me, is that good politics? it's not about politics, but think about that from a political standpoint. i don't think her party was too happy. but you know what? that's her thought. that's what they want to do. >> this programming footnote, reporters have been brought into the room at the white house where the president is meeting with auto manufacturers right now. the president is talking reports. we'll bring you that when we get it. >>> meghan mccain came to the fierce defense of her father last hour after the white house mocked senator john mccain as he battled brain cancer. he is opposed to the confirmation of gina haspel. he told colleagues, quote, it doesn't matter. he's dying, anyway. here's how meghan mccai

some new form of nafta we think will be formed. this will add to political volatility. we think that nafta agreement may be delayed because of a series of political change is coming our way. we have elections in mexico, it will be until september that we have the next person in command. we have an election next year in canada, how will that change the picture? and we have the midterms in the u.s.. we think a new nafta will be formed but it will be delayed and there is lots of uncertainty and volatility in markets until we get there. imur, let's talk about everything that is weighing on the markets. if you take a look at the major currencies and how they are performing, the mexican peso is the worst performer down 1.4%. we are seeing positive reaction to the one -- some latin american currencies are not doing too that. how can you call the end of sovereignty come on a day like today where we are talking about italy, new competence in spain, where we are talking about irish stationed officers looking for theretion again in case is an irish border and brexit is not going a

pressurch to r a deal is intensifying after house speaker paul ryan said he t needebe notified of a new nafta deal by thursday, may 17t, to give the current congress a chance to pass it. >>> andho along lines, american soybean farmers are finding themselves caught in the middle of the ongoing trade dispute between united states and china. chinese buyers ofic am-grown soybeans have been cancelling their orders, and now the chinese government isco aging its farmers to plant more soy to help make up for any shortfall. eunice un sorts it out fus. >> reporter: these farms have gotten caught up in the trade war between the u.s. and china. the chinese government is attempting to boost domestic production of soybeans. the ahorities heren the country's northeast have been encouraging their farmers to replacn their c crops with ybeans. this corn farmer is being offered a subsidy of $162 per acre to make thewitch. he hasn't taken it. soybeans are so cheap,e says. you don't earn much growing them. many of the w farmers spoke to here said the same thing. corn brings in doubl the profit of soybeans.

but for one set of trade talks to another, some not so encouraging news on nafta. there are reports now saying that they missed a crucial deadline in terms of presenting the new nafta negotiations, to lawmakers, which may set it back as far as a year. if you remember, on july 1, we had mexican elections coming up. there may be a change of leadership there. furthermore, u.s. trade representative robert lighthiser said nafta countries are still nowhere near reaching a deal. >>> the supermarket chain kroger has a new online shopping. >> akado is a logistics and distribution channel, uk-based. this was big news in the grocery sector yesterday. kroger had acquired a 5% stake in ocado and will be able to use their technology as well. ocado shares spiked 50%, at one point up 80% in trading. clearly big ambitions. the first time they branch into the united states. they see a big opportunity there, given that as a percentage of overall purchases online is still very small in proportion terms versus europe. so definitely exciting news in that space, louis. >> what are you do

the writing on the wall is there will not be a new nafta rewrite this year. >> the clash with navarro and mnuchin seemed months in the making. >> the president likes to hear what peter navarro has to say. he has had protectionist tendencies for years. especially with china. the president will say where is my peter. >> not many other allies. >>> jer only aome adams coming aid of a passenger on the delta flight. the crew asked if there was a doctor on board. there was. it was him. adams said he was glad to assist. though it is not clear what happened on the flight. airline says the flight intervened when the passenger became ill. he has served in the administration since last september. >>> the counter-puncher in chief shows restraint with the president saying north korea is threatening to cancel talks. live from seoul next. >>> if you're not serious about doing a deal with the president, if you are not willing to give up your nukes for a better life, then don't do it. if you play president trump, we will have a war and you will lose it. >> stark warning from lindsey graham. after the t

nafta negotiations. we have to do more with the capacity rather than weak demand. airline stocks in the best of times are very volatile. plan to ride the prices higher and the weakening fair environment? >> it's a challenge. provide better prices of your stock and more value to the company is to provide good results. we have been doing that. we just raised our first quarter numbers. we were the only ones in the mexican industry who provided a profit. for 32 consecutive quarters, we have been providing positive numbers. that is a very good a competent for the airline industry and we will continue to work hard to improve our margins. i think we have the best value proposition. we think the market will bring additional value and everything we are doing in the domestic market with our dreamliner's and her widebody fleet, we are working great with them and now we can provide only dreamliner routes.in our long that has provided positive results. let me ask about your domestic marts as far as politically. you h

trade representative is not atimistic that there will be new nafta deal by the deadline. that is according to people in a meeting with him. reaching a deal by today was the only way he could guarantee a vote on the american trade deal this year. the federal reserve is resisting calls at a capital buffer. the so-called offer is meant to force the banks against the coming storm when economic --ditions are key staffers are not persuaded that adding billions of new needed.is president trump off his lawyer michael cohen offered his services for $1 million according to the washington post. the post says just after the presidential election, cohen was offering access to and advice about the trump administration. he turned down the offer. global news 24 hours a day on air and on tick tock on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i am taylor riggs. this is bloomberg. thank you. president donald trump set to china's -- at the white house today. that is according to the top economic advisor this week. it threatens to turn into a trad

minister --nance chance of crafting a new nafta deal. ♪ the ongoing nafta talks have taken on a new urgency as paul ryan says he will need a deal in the next few weeks for congress to approve it this year. bill morneau spoke with amanda lang and gave her a status update. >> that me tell you, it is not just us working hard. , in the lastday few days, i've spoken to the treasury secretary of the united states, the mexican finance minister. we are all engaged. there are people at the table dealing with the issues we need to deal with. to make sure we keep the progress going. it is hard to know how close we are. what i can say is that with the continued focus, i remain optimistic we can get somewhere. but there's more work to be done , issues of significance. for canada, just like it would be for the united states or mexico, we need to think about how this would work in practice. -- to deals to make with problems. to make sure this field creates the investor certainty that is needed. having a deal for the long-term is what makes sense. , and areowing ahead hopeful we can get there. >> in two we

probably with no new nafta deal. >> entree do you think that trump will ultimately, anyone here, approach? will we have serious changes in trade policy? with the structure that we had? >> i don't know. nobody knows. closely, follow this they follow the minutia of what mexico wants, what canada wants. that trump is staying firm. senate,arly in the trump has threatened pullout of nafta unilaterally. there would be a lot of outcry from republicans in the senate. much more pro-trade. i find it hard to believe that hewould do that, because would get so much pushback from republicans in the senate. >> it could be that the next six months will be very foreign policy heavy. north korea, there will or won't or won't be we will excessively credulous, but kim jong-un or trump's friend's may produce something good. the iran deal, it's unclear how that plays out with the europeans. isis, iraq syria, there are a million issues there, something that we will talk about later, it is not in great shape, i'm afraid. you could have a pretty foreign policy heavy 2000 18. but that is more of a white house run.

and publicly, no new nafta. bill: on trade, do you think trump -- will we have serious changes in trade policy? or is it pretty much the same structure we have had? fred: mike, would you know? mike: i don't know, because talking to trade experts, they sort of following that my new nutia of whati mexico wants, what canada wants, and trump is staying firm, but there is a lot of pushback, particularly in the senate. trump threatened to pull out of nafta, and there would be a lot of outcry from republicans in the senate. i do not know how it will manifest itself, but i find it hard to believe that he would do that because he would get so much pushback from republicans in the senate. bill: it could be that the next six months will be very foreign policy heavy, with north korea, -- two kimnyn, maybe jong-un -- maybe maybe trump's threats produce something. as silly to talk about later, not in great shape, i am afraid. you could have a pretty foreign policy heavy 2018, i suspect. pompeo is a friend. he was a congressma

nafta. make no mistake, deadlines and nasty negotiators do have the power to hit your portfolio. let me tell you that spirit historically, s&p 500 companies, many of which are in your portfolio derived 40% of their revenue from outside the u.s. that's slightly lower from 2015, but when you break it through and you talk about things like asia and mexico and china, the trade kerfuffle's bring that even lower. president obama's former under secretary of commerce, you have called it. you said you not hit the deadline for nafta. >> i think it's nafta because canada and mexico are fundamental allies. we actually have a pathway to a modernized agreement that should be attainable. i would be much more focused on a successful nafta which is much unlikel more unlikely in the near term. >> all right said if we don't give get this done a today does not give us enough time to vote on it this year. >> the bill is allowed to go to congress without having amendment attached to it. also because of the mexica

cheryl: house speaker paul ryan said the republican-controlled copying would need to see a new nafta deal by yesterday to give lawmakers a chance to approve it this year. gerri: great susan lee interview. cheryl: really was. protection offering protections to kim jong un if the north korean leader agrees to give up nuclear weapons this comes after kim threaten to cancel summit. >> president trump says he thinks kim jong un wants to strike a deal but potential threats of now backing out of the summit could be due to chinese influence. the president says, though, there's still communications going on with the north koreans about proceeding forward. >> north korea is talking to us about times and everything else as though nothing happened. will it happen, will we be going on that very special date and can some great things happen, you know, we will be looking at it very soon. >> north korea rejected comments by bolton, libya was a model to follow for denuclearization, on thursday, though, the president said he's willing to offer security protections to the north. >> we are willing to do

negotiators are hammering out a new nafta deal. they are unlikely to meet tomorrow's deadline. house speaker paul ryan said congress would vote on a new treaty this year if submitted by may 17th. the union of amazon and whole foods will finally be easier on your wallet. amazon says it will begin offering prime members an additional 10% off sale items at whole foods. it kicks off in florida and will roll out to all stores by the summer. >>> and call it the ostrich effect. bank rate says half of all people with financial regrets say they haven't started addressing the problem. 25% say they don't have any plans to tackle the issue, almost a fifth of people will get around to it and the biggest problem plaguing households not saving enough money followed by heavy debt loads. >> everybody has bills to pay including college grads sorting out where to start their careers. there's a new list with some recommendations, so what are the stats saying? >> reporter: that's right. so wallet hub is out with its list of the best and worst places to begin a career. salt lake city city tops it fo

the president's first tweet you put on the screen, he talks about how north korea, that's news, nafta, that's news. not the witch hunt. that's a congressional talking point. more and more republicans are saying, look, this is a distraction going on too long. this needs to wrap up. the sense from the white house and outside allies, putting forth that idea, this is going on too long, it's a distraction. >> do you think it's a personal political survival -- >> we played nice to this point, but this needs to wrap up. if it duds presideoesn't wrap u own accord, the president will wrap it up himself. >> thank you for spending time with us. we're grateful. the panel weighs in on another shake up in the president's legal team and the twitter tantrum. don't go anywhere. work to do. so he took aleve this morning. if he'd taken tylenol, he'd be stopping for more pills right now. only aleve has the strength to stop tough pain for up to 12 hours with just one pill. tylenol can't do that. aleve. all day strong. all day long. the brand more doctors recommend for minor arthritis pain. handcrafted lay

it may be the final deadline for a new nafta deal this year. they want a deal if the president wants one pair we welcome michael mckee, bloomberg and the national economics and policy correspondent. let's begin with a nafta. we had a deadline that was supposed to be the final deadline last week. now we of two more weeks. is there a deadline? michael: there is a deadline if you want to get it done this year. it may or may not have passed. it has to do with the legislative process of when you have to publish things. -- reason they had too more two more wakes is a congress can stay longer into the year. they tend to make their recesses early. at least schedule them. there is some flexibility. right now, it doesn't look like they will reach a deal because they are far apart on many issues. there are no more talk scheduled to we also have the mexican elections coming up that could throw a wrench into the works. a lot to look at. when you do, you say, maybe not 2018. shery: not to mention, next week, the u.s. puts tariffs on mexico and canada could g

so there's a great upside to having a new and improved nafta but it needs to be new and improved. it would be wonderful if we could get that done now. if not then it would just take longer time. i think people are nervous that the next government might change and change their attitude. our hope and focus is to focus on the countries that are actually abusing the rules and not playing by the rules so we can hold them accountable. >> let me pivot to internal republican politics in the house. you said that you want leadership elections to figure out who the next leaders of the republican conference in house, you want those to be after the november elections rather than during this year somehow. we both know that leadership elections are perhaps the most unpleasant thing you do with as -- you deal with as a member of congress. it's just friends against friends. why do you want those elections to be pushed back until after the november elections? >> that is the schedule. that's the normal course of business. that's how it always works. it's not like a change from the rules. it's just s

nafta deal . at the president of france that getting out of this would be insane because there isn't anything left in its place. i think these next critical days and weeks will tell us whether or not he can actually keep iran at the table, and whether our european allies will keep them from some kind of proliferation activity and keep them at the table. and if president trump can end up renegotiating something, that will be a master stroke. as of now we won't have to wait and see what they are willing to give. >> bret: part of the speech was to say, here's your opportunity, iran. the steel is not working. but at the same time, we have the secretary of state on the ground, and he's laying the ground for what is supposed to be a locked in meeting. but the juxtaposition of those two things. >> i think what prompted today could help in north korea, because it shows that he is willing to defy establishment, foreign policy washington, and impose everything over the closest allies and everything else. i

canadian and mÉxico officials end trade talks with no new nafta deal. speaker rein says he's going to need a new agreement in order to give congress a do not vote on it. congress is expected to debate a five year farm bill next week with a push from the president to require able-bodied adults to work or get job training in order to be able to collect food starches ever stamps. gop leaders sea say the vast majority of democrats are going to vote for this. this is the more can be done to get rid of abuse. >> on monday the u.s. and uae have signed a deal to resolve a year's old conflict involving alleged unfair airline competition. u.s. air accuracy claim gulf air airlines have received subbed distote tune of $15 billion. the new agreement miles to these which will now voluntarily publish annual statements. iranian leaders taking their fights to social media. trolling president trump on instagram, looks like he's reading fire and fewer. fewer yes. ing bottomio offers a huge indicator to kim jong-un. >> i think we have a pretty good understanding about what

mexico's economy minister said a new nafta deal is likely. president trump's trade chief wants to open the economy to foreign governments. top economic advisers head to beijing this week for trade talks. the dow closed slightly lower. the s&p 500 and nasdaq rose, helped by a 2% jump by apple. iphone sales were decent during the first three months of 2008, but profit soar -- 2018, but profit soared. why? the nearly $1,000 iphone x that helped it rise to hit $61 billion. apple launched -- announced plans to turn tax savings into a gift for shareholders. it's going to give away $100 billion to investors. $100 billion. like two teslas -- i don't mean the car, i mean the company -- to investors. >>> and facebook getting into the dating game. a feature will let up users set up profiles. it won't appear to friends or in the news feed. but it plays matchmaker to millions and encourages them to spend more time on facebook. this is facebook's latest addition aimed at keeping people on the site longer. they've got job postings and all of it meant to kee

it's going to move the economy even faster in terms of the china news nafta, you have to believe, is going to follow a similar path, and the optimistic pressure reports lead you to believe that conclusion is at hand, but ultimately, that's all inflationary what you're going to see, in my view, you still have positive runway going forward, but you have to be more cautious as you go out six months because the fed is going to get more aggressive in their tightening so i think that that's going to cause an end to the market rally as we have seen it, and in fact, the gains to be gotten are no greater than the risks >> does it reset the way that investors now need to play, jim, the market in terms of not focusing so much on the russell, which has been ripping, but now it's back to the big caps back to what got us here in the first place, before all of this stuff with china started to bubble over? >> well, my answer to your question is predicated on the belief that we are embarking on our way out of this correction that started in early february i think the correction is ending we're gettin

it may be a move designed to pressure mexico and canada to wrap up a new nafta agreement. let's bring in greg sullivan. tell us the latest, what is on the table at the white house? greg: we are hearing the trump administration is considering imposing tariffs on automobile imports. this move would likely come a national security authority that allows the president to impose tariffs on imports deemed a national security threat. that is similar to what we saw with steel and aluminum. if the administration does open up such a process, we would likely see a review for months, a report, eventually a determination. it is interesting this comes to the backdrop of the nafta renegotiations with canada and mexico, as well as ongoing trade negotiations with china. there is some question whether this pittsburgh -- whether this could spur negotiations with the nafta. interesting timing and very big news. betty: it is indeed big news. trump could back away from a trade deal with china. what is the latest shift in tone? greg: that was very interesting today. president walked back a previo

trade representative robert like kaiser did it take to get a new nafta agreement in place in a week or two. those negotiations are front and center for clients of the banks of canada. the royal bank of canada sepia sat down with exclusively. dave mackay. they give a big clue as to whether nafta negotiations are headed but not before explaining how uncertainty is in fact being -- affecting customers. >> in attending make long-term investments you think about the stability and policy around that. you have to look at nafta into france. one it's important to get it right. two, the insurgent causes customers to hold back on investments. there's a number of causes we have to get right. it's really important to have a fare dispute mechanism. rules of origin in non-emotive manufacturing in a non-emotive manufacture than they did make some good progress this week on rules of origin. they suspended negotiations to get back together next week particularly what qualifies as origin and what% north america and what% the united states is important to the global supply chain of the oem. we have to get

do you think that is sticking point why we don't have any news on nafta today? >> well the sunset clause, you know, there is pros and cons to it, and i think it is an okay thing it means you will have a review. that is necessary to make sure the agreement goes well out there, but what i think really, what i'm hearing they're focusing on today is automobiles and, what is the point of origin. you have pieces parts going across all three borders. who is going to be basically credited or debited with that particular automobile? cheryl: well he did say to our own correspondent there here in new york, he was here in new york speaking but he is feeling positive about this. that is on nafta. i want to go back with china to you. the president made interesting comments about zte, the telecom company out of favor with the united states because of -- we heard multiple analysts and congressman and senators say they believe zte is a national security risk. it is another way for the chinese to spy and steal intellectual property from companies and spy on americans. that is the

we could see excitement and news breaking on nafta. that will be important for the markets. >>> grants interest rate editor jim grant talking about interest rates. in particular the 3% on the ten year. and see you sunday morning on sunday morning futures on the fox news channel. join me 10:00 a.m. eastern, homeland security chairman mike mccaul as well as danny dennon, we'll talk about the israeli reaction to the pullout from the iran nuclear deal by president trump. tune in every morning for "mornings with maria." i hope you will join us next week. thank you so much for being with me this week. join me next capital one and hotels.com are giving venture cardholders 10 miles on every dollar they spend at thousands of hotels. brrr! i have the chills! because of all those miles? and because ice is cold. what's in your wallet? you might or joints.hing for your heart... but do you take something for your brain. with an ingredient originally found in jellyfish, prevagen is the number one selling brain-health supplement in drug stores nationw

we could see excitement and news breaking on nafta. that will be important for the markets. >>> grants interest rate editor jim grant talking about interest rates. in particular the 3% on the ten year. and see you sunday morning on sunday morning futures on the fox news channel. join me 10:00 a.m. eastern, homeland security chairman mike mccaul as well as danny dennon, we'll talk about the israeli reaction to the pullout from the iran nuclear deal by president trump. tune in every morning for "mornings with maria." i hope you will join us next week. thank you so much for being with me this week. join me next [thoughtful sigh] still nervous about buying a house? a little. thought i could de-stress with some zen gardening. at least we don't have to worry about homeowners insurance. just call geico. geico helps with homeowners insurance? good to know. been doing it for years. that's really good to know. i should clean this up. i'll get the dustpan. behind the golf clubs. get to know geico. and see how easy homeowners and renters insurance

we could see excitement and news breaking on nafta. that will be important for the markets. >>> grants interest rate editor jim grant talking about interest rates. in particular the 3% on the ten year. and see you sunday morning on sunday morning futures on the fox news channel. join me 10:00 a.m. eastern, homeland security chairman mike mccaul as well as danny dennon, we'll talk about the israeli reaction to the pullout from the iran nuclear deal by president trump. tune in every morning for "mornings with maria." i hope you will join us next week. thank you so much for being with me this week. with me this week. join me next prepare for your demise, mr. billingsley! with me this week. join me next do your worst, doctor. i will. but first, a little presentation. hijacking earth's geothermal energy supply. phase 1. choosing the right drill bit. as long as evil villains reveal their plans, you can count on geico saving folks money. fifteen minutes could save you fifteen percent or more on car insurance. the wonderful thing about poliden

court and furthermore it looks increasingly likely that we will not get that new nafta court he wants certainly by the end of the year and the time deadline could be slipping away. what do you think of that that we could be putting ourselves potentially at a disadvantage that no accord is not necessarily better than the one we've got. >> we'll see president trump and the white house have been negotiating hard on korea with leverage on china with leverage and here and so you kind of have to wait to see. we're putting max much pressure in order to do what's in the best interest of the american worker and so we'll see what it ends up looking like. it's hard to read it ahead of time where we're going to end up but we're just saying look the president said we're negotiating on be half of our workers to make america workers best off and so we'll see what the deal looks like. neil: do you think that americans should be prepared for the possibility that because of the stance and for whatever reason there are going to be a lot of goods that come moo this country that are a lot more expensive a

we could see excitement and news breaking on nafta. that will be important for the markets. >>> grants interest rate editor jim grant talking about interest rates. in particular the 3% on the ten year. and see you sunday morning on sunday morning futures on the fox news channel. join me 10:00 a.m. eastern, homeland security chairman mike mccaul as well as danny dennon, we'll talk about the israeli reaction to the pullout from the iran nuclear deal by president trump. tune in every morning for "mornings with maria." i hope you will join us next week. thank you so much for being with me this week. with me this week. join me next copd makes it hard to breathe. so to breathe better, i go with anoro. ♪ go your own way copd tries to say, "go this way." i say, "i'll go my own way, with anoro." ♪ go your own way once-daily anoro contains two medicines called bronchodilators that work together to significantly improve lung function all day and all night. anoro is not for asthma. it contains a type of medicine that increases risk of death in

nafta deal by june 1. global news 24 hours a day on air, and at tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i'm kailey leinz. this is bloomberg. alix: thank you. a big week for economic activity. part of the reason why you are not seeing a lot of action today. $73 billion worth of treasuries will be auctioned off. cpi later in the week. on deck thursday is that the yearly policy decision. remember when that rate hike was a done deal -- not so much this time. joining us now is ira jersey. still with us, mark weinberger, and nick bennenbroek of wells fargo securities. i want to start with this option. in the bloomberg, you can see the 10 year yield and net position's for the 10 year. what happens with $73 billion worth of supply? for i think we are set up these auctions. it is not a surprise we have more supply. we have more three-year notes coming tomorrow. the 10 year and 30 year later this week. all of these things are being set up for in the market. t

we could see excitement and news breaking on nafta. that will be important for the markets. >>> grants interest rate editor jim grant talking about interest rates. in particular the 3% on the ten year. and see you sunday morning on sunday morning futures on the fox news channel. join me 10:00 a.m. eastern, homeland security chairman mike mccaul as well as danny dennon, we'll talk about the israeli reaction to the pullout from the iran nuclear deal by president trump. tune in every morning for "mornings with maria." i hope you will join us next week. thank you so much for being with me this week. join me next there was an idea. to bring together a group of remarkable people. to help save the universe... from paying too much on their car insurance. hey, there's cake in the breakroom... what are you doing? um...nothing? marvel studios' avengers: infinity war, in theaters april 27th. now...where were we? but i'm not standing still... and with godaddy, i've made my ideas real. ♪ ♪ i made my own way, now it's time to make yours. ♪ ♪

naftas according -- a new deal. paul ryan said reaching a deal by today is the only way he could guarantee a vote on the north american trade deal this year. robert mueller appears to be turning attention to president trump's longtime political advisor, roger stone. a number of his associates have been brought in for questioning. they've been asked about his ties to russia and wikileaks founder, julian assange. michaelt trump's lawyer cohen offered his services to qatar for $1 million according to the washington post. just after the presidential election, he was offering access to and about the trump administration. qatar turned down the offer. eu presses theresa may for more details on brexit plans at a meeting in bulgaria today. president,et with eu the last face-to-face you will have with fellow leaders before a key summit next month. the major stumbling block to brexit, appears to be the future of the irish border. global news 24 hours a day on air and @tictoc on twitter, powered by more than 2700 journalists an

for nafta? michael: it's very difficult to keep all these falls in the air for the abuse region, especially when the administration doesn't speak as one of these issues. robert lighthizer is the key person at least in dealing with nafta. there are a lot of voices on china, but lighthizer is driving the nafta negotiations and easily going to be tied up this week with the chinese stocks, so they can move forward or not enough time is a real open question, because he's not going to be able to negotiate as we understand, there are no talks and mexico scheduled for this week. and the speaker of the house here has put a deadline of the end of the week on it. that's not really a hard deadline, they can fudge it and go another week or two, but as we understand that they are so far apart on the deal that it's hard to see it getting done and earlier today, the president's top economic advisers said he thought it was getting very difficult. he doesn't see necessarily a deal getting done. where does that le

the threat is seen as the latest move to put pressure on the president's nafta partners to strike a new deal. it's hard to see how auto parts our national security concern. we do know that autos are front and center in this nafta negotiation. >> it's hard to imagine by any car imports could pose a national security threat. right now some of the reaction that we have received from allies who export to the u.s. even from car manufacturers, their biggest question right now is how is this possible. what could be the threat here. what we have heard from secretary ross over the past day if thee's this idea that u.s.'s manufacturing base is in decline that puts the country in a pretty vulnerable position and also that means the country is in a bad spot economically. if we are in the down and out's economically been of course the u.s. will be more vulnerable. i think this was a bit of a shock. it's just the beginning of an investigation. there has been no findings yet. if we look at trump's tweet yesterday before this we definitely get a hint that he thinks this will create jobs in america. ama

speaker paul ryan says they need to get a new deal on nafta early this week. we will talk with been cente fox about whether that deadline is realistic and what will work for mexico. >> president trump is toning down his tough trade talk on china for now. in a sunday morning tweet the announced that the commerce department was working with president xi to throw an economic lifeline to chinese telecom equipment maker zte. bloomberg's international economics and policy correspondent michael mckee is here with the latest. this is a stunning reversal from the president. do we know if the chinese have offered anything in return? michael: we do not all that we know they have started the process of looking at starting to acquire a chinese tech company. that is a small gain for the united states. this is a big deal to china, 75,000 employees and they had almost ceased operations. for china, it is a big win if they get relief. the president said he has instructed wilbur ross and the commerce department to come up with some way to ease the blow. whether just wiping out t

speaker paul ryan says they need to get a new deal on nafta early this week. we will talk with been cente fox about whether that deadline is realistic and what will work for mexico. >> president trump is toning down his tough trade talk on china for now. in a sunday morning tweet the announced that the commerce department was working with president xi to throw an

of nafta. the u.s. wants to get a deal done soon to give congress enough time to vote on it this year. discussions on rules that govern the percentage of a car that needs to be built into nafta regions to avoid tariffs. the u.s. seeking a sunset clause that could automatically kill the trade deal after five years. cheryl: the new "avengers" movie makes history. >> tracee carrasco on that with other news. >> good morning. $1 billion in 11 days. "avengers: infinity war" has broke another record for the second highest second weekend of all time with $112.5 million. >> run from it. >> was enough to beat the record previously held by marvel movies "black panther." the "star wars" to force a week and still holds the record for the biggest second weekend. only five movies have ever had $100 million mark in the second weekend. "avengers" broke the $1 billion mark worldwide. remake of the 1987 comedy overboard took second place with $14.8 million bump down to the number three spot with 726 million that

and unofficial deadline to the nafta negotiations is looming as the latest round of talks continue to leave a number of issues on resolved artie's alex will hyla bitch has the latest alex thank you for being with us why the rush to get this done is this about speaker paul ryan last week saying something about fast track what's the status. it's completely about speaker paul ryan he's the one that's got his knickers in a knot if you think of it that way like he wants this push through by may the seventeenth he says he wants congress to vote on this year and may seventeenth is the deadline in his head now some analysts are saying really may seventeenth is not necessarily the date if we get into well into june and things should be ok paul ryan i think he's you're really sounding the alarm he wants things done a a.p. and something that you mentioned that fast track that that's a part of the whole trade promotion authority it's something that has had a few different names over the decades it is about fast tracking things through congress and it particularly deals with trade so it gives the

nafta that would go through congress we easily can look at the skinny deal as an alternative that's something the president can consider again, for the most part, thes is focused then we'll figure out how to get it through kbrs. >> can you give us any to lor on the navarro/mnuchin smackdown of you? i don't know if you're on record km commenting on that where does it stand now? >> peter's been an important part of the team i'm not going to comment on any of these specifics obviously rumors and gossip and everything else is good for your cable tv, but i'm not going to make any comments on it. >> is he -- he's president at many of the working groups any of the things still going n on i think the president likes two sides of things. at least both sides will be highlighted, right >> peter participated in the oval office meeting with the vice premier and myself and the vice president actually, it was -- i think we probably had about ten people in the office the president wanted to have a lot of people there. the chief was there. ambassador boldin, larry so we had a lot of participation. t

out of nafta talks are we not going to see a new nafta deal until after the midterms? >> well, very well might happen there is a lot happening you know of course, i know we get in summertime a lot back he up. >> not to mention mexico elections. >> exactly, nafta i am from texas, nafta has been a big benefit for texas i think we need any deal as old as nafta i think, certainly needs some -- some tweaking if you want to say that some improvements i don't want to be labor nafta i think we can make it better strengthen our economy with it. >> when might be see a detail do you think. >> again, i am a doer a business guy ready to do it all right now i don't know, we have election year coming up, you all know what happens when people start running for elections things slow down i am ready to act on that also we will see what happens. >> good to see you this morning thank you. >> congressman williams gunman opened fire in ploib of trump golf resort in florida the latest developments this morning, ceo is out at cam pell soup the latest on leadership shake-up has stock down 4 1/

the fact that we haven't had a new nafta deal tells you there is obviously real pushback. >> yeah, it is going to cause medics cannes canadians may walk off nafta is good for us, it is especially, for er earn agriculture and to toss it away, you know, get a reaction from the mexicans the mexicans have a presidential election, july 1. this is going to affect the presidential election, perhaps getting a candidate elected that is not as pro-u.s. as we've had in the past so this is not good, i can't support this. >> all right. we will be watching, the developments as exemptions end tonight governor it is go aed to see you thank you so much for joining us this morning. >> bill richardson joining us the president tweeting about rush probe what he just said cup mainstream media working overtime not to mention infiltration of people spies informants do my campaign surveillance much he goes on to right this not that it matters but i never fired jim comey because of russia, the cup main tax reform media loved to push that narrative they know it is not true. . >> the president talking about all

in the new post about nafta, which continues to be in jeopardy and once again further apart on nafta. this is precarious for an investor as they navigate what their portfolios going to look like this year? >> mainly it is noise. i don't think the administration wants a trade war with anyone. they will certainly have some skirmishes here to test their boundaries. gdp growth will be solid in the u.s. here in the second quarter. corporate earnings have been good goodwill at double digit in s&p 500. i think investors should filter out the noise and focus on earnings and capital appreciation in their portfolios. >> you wonder if the fed will be our best friend over the next few months because they've kind of given us very temperate moderate language about rate hikes. >> vote, i totally agree. the economy is in good shape. earnings are in good shape, but maybe i'm being a bit pessimistic. the recent report on the steel and aluminum terrorists can cause a decline in gdp by 21%. that is just steel and aluminum. i guess maybe i'm always looking for that next black swan. so far, things are good

there is a great upside to having a new and improving nafta. it needs to be new and improved. it would be wonderful to get it done now but if not it will just take longer time. i think people are nervous that it can change attitudes. our hope and focus is to focus on the countries that are actually abusing the rules and not by the row so we can do this. presently pivot to intern republican policy from the house. you have said that you want leadership elections to figure out who the next leaders of the republican in the house coming recklessly after the november election during this year sometime, we both know leadership elections are probably one of the most unpleasant things to deal with good friends against friends. why do you want those elections to be pushed back until after the november elections, why do you want -- >> that is a schedule. it's not like a change of girls it is sticking with procedures. you always have leadership elections after the election. that is the way we do things. and to introduce a leadership election in the middle especially when you're trying to