America finally has a leader that answers only to the people, not to the special interests who had their way way too long. You are fighting for the forgotten men and women across this country. You are a champion for the hardworking citizens across this land that just wants the government to listen to them and represent their interests. You promised to put America First in all you do and youve done that a lot of ways, from national security, protecting our border. Today, you put America First in regards to International Agreements in the environment. This is an Historic Restoration of american sovereignty, one that will benefit the working class, working poor. You have declared that people are rulers of this country once again. It should be noted that we, as a nation, doing better than anybody in the world in striking or balance between growing the economy, growing jobs, and being stewards of our environment. Before the paris accord was ever signed, america had reduced its co2 footprint to levels from the early 1990s. Between the year 2000 and 2014, the United States reduced its Carbon Emissions by 18plus percent. This was accomplished through innovation in technology of the american private. For that reason, you have corrected a view that was paramount in paris somehow the United States should penalize its own economy, be apologetic. Anchor you have been watching u. S. President donald trump announced that the United States will pull out of the Paris Climate Accord. He mentioned in his statement that the u. S. Will begin negotiations to reenter on terms that are more fair to the United States. The u. S. President also mentioning that the deal was a redistribution of u. S. Wealth to other countries. He mentioned that pulling out of the accord is an assertion of american sovereignty. We have Team Coverage of this announcement. Mya is in washington, barbara is in brussels. Here in the studio, i am pleased to welcome a Climate Impact analyst and advisor to the United Nations on Global Warming. This is an historic moment that we have just witnessed today. What is your reaction . Its not really a big surprise. I guess we were fully expecting on the Trump Administration to pull out. There were some surprising things along the sides, the view of President Trump that he can renegotiate even though the agreement is already into force. Im not a lawyer but i have doubts that it is possible. So, it is not really a big surprise. However, it is not a good time for the worlds fight against Climate Change. Anchor in washington, is that how this deal is also viewed . Is this a bad deal for the united dates . We heard the United States . We heard the president say this deal is costing 2. 7 million jobs in the future. He said they are redistributed wealth to poorer countries. How is that likely to be received . Weve seen a reaction from paul ryan, calling the Paris Agreement a raw deal for the united dates. We should say, the united dates being the United States, being the second largest leader in the world, was the second on the list of countries in the Paris Agreement who had the most number of emissions that they had to reduce. Now, the u. S. Is freed from that and, as donald trump put it, this will create more jobs. On the other side, we already saw an agreement from former president barack obama saying that the United States has chosen to lead the future behind. Some good reactions on both sides. Anchor this was a highly anticipated reaction. We pretty much knew that he would withdraw from this accord. Barbara, ill turn to you in brussels. Another thing that he was reiterating over and over was that he wanted to negotiate a better deal. Is that possible . There are nearly 200 signatories to this deal already. Is there the possibility of renegotiating . Barbara legally, not really. But lets look at the contents. What does he want . He wants to be rid of this, rid of all the obligations either to reduce carbon dioxide, and also he wants to be rid of the obligations to pay money to the lesser developed countries, to increase their own production of Renewable Energies. He wants to be rid of the deal. What is there to talk about . Nothing, really. What could a deal tom what could a deal look like that gives everything to america and nothing to the rest of the world . Its not feasible and, in a way, its nonsensical. He really, sort of, completely annihilated the basis for this. What might be seen as even more shocking in europe, once reactions come in here, is the tone that he set in his speech. This was more than just believing more than just leaving the paris climate deal because we dont like it, but it was more like a declaration of war on all International Agreements. He mentioned trade. He really barbed against germany on trade. He mentioned military expenses again, the old struggle with nato. He mentioned sovereignty. He said america wants to decide what it wants, whatever, without respect for the rest of the world. That is directed against any sort of international agreement. This is more than pulling out of the climate deal. Anchor he said that the world has been laughing at the united dates and that the work the United States and that the world will not be laughing anymore. We have a quick clip of what u. S. President donald trump said a short time ago. Pres. Trump in order to fulfill my solemn duty to protect america and its citizens, the United States will withdraw from the Paris Climate Accord. [applause] pres. Trump thank you. Thank you. But begin negotiations to reenter either the paris accord or a really entirely new transaction with terms that are fair to the United States, its businesses, its workers, its people, its taxpayers. We are getting out but we will start to negotiate and we will see if we can make a deal thats fair. If we can, thats great. We cant, thats fine. As president , i can put no other consideration anchor as you can imagine, there has been quite a bit of social media reaction to that announcement from u. S. President donald trump. Most of the tweets are being seen as critical. At the moment, german politician Martin Schultz writes, you can with draw from a climate agreement, not Climate Change. Reality is not another statesman you show away. Statesman you shove away. In the u. S. , dan pfeiffer tweeted this a twitter user said that the fact that this was a zerosum game between Economic Growth and the environment was a lie. So, the time, former president Mohamed Nasheed spoke about the challenges facing the maldives, where he used to be president , of course. Mr. Nasheed small changes to climate and the levels have great impact on the maldives. Global warming is leaching is leaching Global Warming is bleaching our corals. If you have your corals dying, theres little to see. The coral is the first line of defense against coastal erosion. Theres a number of issues that we are having to face because of Climate Change. There is still a window of opportunity. I believe we can still survive, not only through mitigation but with very heavy adaptation, or different types of adaptation. We must be now thinking of a situation where the sea levels will rise and, therefore, where we might be able to protect our island after sea level rise. Anchor that is the former president of the mounties, a country that is so deeply the maldives, a country that is so deeply impacted by see levels rising. Lets bring back in our team on the announcement of President Donald Trump saying he will pull the United States out of the Paris Climate Accord. Barbara basil Barbara Wesel is in brussels. Carlfriedrich its in the studio, an advisor to the United Nations on Global Warming. Carlfriedrich i think trump tried to embed his withdrawal from the climate agreement into basically promoting his viewpoint on all of this and the wider issues. Some of these numbers are certainly questionable. Its hard to say where hes been drawing them from. There are several elements to it which have which are really important. The most important one is his perception of fairness in the climate debate. Climate change is driven by greenhouse gases. Co2 simply stays in the atmosphere for a very long time. Every emsi every emission Climate Change that you have today is caused by emissions in the past. Its already occurring today. There is no country in the world with a bigger responsibility to the u. S. Eventually, fighting Climate Change in a fair and equitable fashion means that countries that have a big historic burden need to go ahead, move ahead, and basically achieve strong reductions. He is simply neglecting the very nature of the problem we have with Climate Change by putting other countries which have much less emissions in the u. S. Have, particularly much Lower Per Capita emissions, and the support for these companies not just for mitigation, but for the most Vulnerable Countries that need money for adapting. By putting this as being basically a deprivation of the american workers, which it is not. It is support for countries which are suffering from Climate Change and havent caused it. Its basically, on a global level, hes trying to turn this around and paid a very different picture that is not the reality. Anchor its very clear that he does not see it from an historical perspective. His main issue is that he sees a redistribution basically of u. S. Wealth to poorer countries in order to support their efforts. Ill turn to you, barbara, because you are following the international perspective. Is that a fair point and is that something he could negotiate about . Barbara i dont think so. It has taken years to pull the paris acclimate the Paris Climate Accords together. The central part of it is that money is being redistributed from the richer industrial nations that have been, for decades, responsible for Climate Change and for the emissions, and two countries that need to make very quick changes. That is one of the essences of that deal, that the richer countries paid to the poorer countries to follow quickly and make changes to their economies that are not so developed. If he says, i dont want to pay that money, what would he want to do that if you wanted to stay in the climate accord . If he also doesnt want to keep the target and he also wants to promote coal. That, for instance, is something that this swirl of irrationality and figures that nobody knows where they come from. As far as i know, there is only about 70,000 coal miners in the United States. If he was worried about their fate, it would be relatively easy to compensate them and do something for them. It is a mix of different political influences and ideas that come together here. It seems very strong from the european perspective that he wants to get out of international obligations, wherever. Even beyond the Paris Climate Accord, that is a very bad thing , of course, if the u. S. Leaves. Anchor the point that you just made about the coal industry, that is one that you just latched on to that he just latched onto. He said that coal jobs are going to other countries. He also mentioned production cuts for paper industries, cement, iron, steel. Maya, this really resonating with his Political Base in the United States. How is this announcement likely to be received in the u. S. . Maya it very much depends on which side of the political spectrum you fall on, which is the case for so many issues today in the u. S. Its important to note that, if trump had come out today and mentioned that he wanted to stay in the agreement, it may have been almost impossible for the u. S. To keep its commitment to cutting somewhere around 20 of its Carbon Emissions because trump had already begun at home, with his epa administrator scott pruitt, to undo a lot of the obamaera climate regulations. The clean power plant, he had the clean power plan, he had put steps into place to get rid of that. Even though this is a form of energy that the rest of the world is moving away from. For people who are trump supporters, this will be received as good news because what they heard coming from him is a commitment to american jobs, the American Economy. They want to hear about them being put back to work, their loved one being put back to work. If youre a democrat who did vote for trump who didnt vote for trump, if you arent a trump supporter, what you heard was a lot of nonrelated comments to the American Economy. There are experts saying that exiting the Paris Agreement will actually be detrimental to the American Economy despite the complaints that trump had about this Green Energy Fund and redistributing wealth. Anchor maya in washington, barbara, you guys will stand by. We want to turn to some break news. Several people are reported injured after eyewitnesses said that they heard gunshots and explosions at the resorts world hotel and casino complex in the philippines capital. The report is located the resort is located close to the airport. They say there is a blaze on the second floor. Swat teams and ambulances are at the scene. Officials say they have it under control. We have unconfirmed reports that the socalled Islamic State has claimed responsibility for this attack. Well keep you uptodate as more information comes in. Following wednesdays devastating bomb blast in kabul, germany has announced the delay in the deportation of asylumseekers. The decision comes a day after hundreds of student clashed with police at a Vocational School in nuremberg. Nine officers were injured and five officers arrested after a try to stop the police from detaining a 20yearold afghan classmate who was up for deportation. For these students, their 21yearold afghan classmate had been threatened with deportation. On thursday, a court blocked the request to deport him. A blast in kabulcalls from germanys Opposition Party for deportations to stop. Ive spoken to the foreign minister about it and said the Foreign Ministry should reassess the situation in afghanistan. Until that time, women and children should not be deported under any circumstances. I think, and until then, deportations to afghanistan should be suspended. Chancellor Angela Merkel reacted by announcing a temporary moratorium on deportations. Until the german industry the German Embassy in kabul is fully effective, only deportations of criminals and those considered a terrorist threat will continue. With the afghan student was arrested yesterday, police say he rented to come back to he threatened to come back to germany and kill german if he was deported. Anchor u. S. President donald trump announcing that the United States is set to pull out of the Paris Climate Accord. Helena humphreys following reaction from the business world. Helena President Trump claims that the accord is unfair because of arms to the countrys economic interest. He says it harms what he terms clean coal and the job the go with it. 3 trillion in lost gdp, thats how much President Trump says the paris climate records will cost. He was reportedly act in his decision by 22 republican senators with ties to the oil industry. Former u. S. President barack obama also issued a statement saying state industries and businesses would step up to the deal and honor obligations despite the current administrati. Anchor lets check in with o man on wall street. Whats the reaction to this situation . Jens on wall street, we saw new records all over the board, but that was probably not because of the decision of the u. S. President , especially from the world of business, there have been so many attacks within the Paris Agreement, so chevron or exxon, the big u. S. Oil companies, they actually supported to remain in the paris accord. You look at the stocks of some of the coal players, like peabody, they even dropped on the decision. Anchor trump said that hes done this for the sake of the economy. Will it provide a boost . Jens i actually doubt it. Look at the coal industry. Especially because the president mentioned it so often. The u. S. Coal industry, roughly 65,000 people employed. In the United States, that is really not much. If hes going to push harder for the coal industry, automation plays a big part in that industry already so it will probably not create thousands of new jobs as donald trump promised with his words. Im rather skeptical. If you look at Renewable Energies, most jobs in the written most jobs in the energy field in the past few years have been created in solar and the wind turbine industries. To say that jobs would be lost if the u. S. Remained in the Paris Agreement is rather doubtful. Im skeptical if this decision really will create as many jobs as the president promises. Helena jens korte in new york for us. Good to talk to you. Anchor the u. S. President may have announced that he is taking america out of the Paris Climate Accord and that he plans to give a leg up to the coal industry, but how easy will it really be for companies to follow before companies to follow his lead . It seems like some of those companies have already moved on. Reporter coal power coming even in the u. S. Coal power in the u. S. , the share has dropped in the next since 2010. Natural gas, made cheaper from the fracking boom, has made profitability from as possible. Petroleum still takes the biggest slice followed by natural gas at 28 and coal at 18 . Nuclear energy makes up 9 and renewables like hydropower, wind, solar bring in 10 . The share of Renewable Energies in the u. S. Are increasing steadily. Amid declining costs, more states are turning to wind and solar power. Energy giants of realigned their strategies towards increased investment in renewables. Sarah thank you. Quick reminder, u. S. President donald trump has drawn almost universal condemnation from u. S. Allies after withdrawing from the paris clavichord. Speculation that he had speculation had been swirling for the last several days. Lets listen in to some of his speech. Pres. Trump in order to fulfill my cell of duty to protect america and its citizens, the United States will withdraw. Will withdraw from the Paris Climate Accord. [applause] pres. Trump thank you. But begin negotiations to reenter either the paris accord for a really entirely new transaction on terms that are fair to the United States, its businesses, its workers, its people, its taxpayers. We are getting out but we will start to negotiate and we will see if we can make a deal. If we can, thats great. If we cant, thats fine. Sarah that was u. S. President donald trump speaking a short while ago. We are joined with some Quick Reaction from washington where maya is standing by. We also have Barbara Wesel in brussels. Maya, whats been the reaction . Maya like all things in the u. S. , it very much depends on which party you are affiliated with. Weve seen paul ryan come out and say that he thought that the Paris Agreement was a raw deal for the u. S. And that he supports Donald Trumps decision. Weve seen former president barack obama come out and slam donald trump, saying the rest of the world is going to leave the u. S. Behind and that the u. S. Has abandoned the future. We saw elon musk fulfilling a promise that he said he would keep, that he would leave the president s Business Advisory council. Theres been a lot of reaction. Status report on bonds. The potential risks and rewards in corporates, treasuries and munis. The two highly rated Fund Managers next on Consuelo Mack wealthtrack. New york life, along with main stay family of mutual funds offers investment and Retirement Solutions so you can help your clients keep good going. Additional funding provided by thornberg investment management, active management, flexible perspective