How good is this for the rest of us . Will this make any difference . Mr. Kudlow i think it is better than nafta. I think it is broader than nafta. It updates nafta. In some important new economy ways. You have domestic content and labor issues which have been resolved. I think financial and digital services. We will get a lot of investments. I pulled out some of the estimates. A lot of people were quoting numbers. On theve wide ranges u. S. Economy. This reflects uncertainties about better investment and better risktaking. That is a gigantic number. There was a very wide range of 35 basis points on 1. 2 . Those are big numbers. That is why we thought this was a template of a trade agreement. Is very growth substantial. Worker defense, domestic content, very substantial. Really, this is our big trade partner. I know china is a sexier topic. The reality is, total trade with is basicallyxico slightly more than twice what it is with china. Could this be a template for trade agreements . M
The u. S. And the consumer at times. And did somebody say recession . Let us talk about these issues with larry kudlow. Please welcome them. [applause] hello, larry. Please take a seat and make yourself comfortable. Let us jump right into it as we have a lot of news this morning. They pelosi Just Announced democrats and administration have reached an agreement on the deal. Exicocanada how good is this for the rest of us . For the u. S. Economy . Will this make a difference . And is it any better than nafta . Mr. Kudlow i think it is better than nafta. I think it is broader than nafta. It updates nafta. Particularly in some important new economy ways. The way this was designed by ambassador like kaiser ambassador robert lighthizer, in a bipartisan sense, you have domestic content and labor issues which have been resolved. You also have new economy issues in particular intellectual Property Rights which have never been put in one of these trade agreements before. I think financial and Di
[applause] hello eric, please take a seat. Make yourself comfortable. Lori larry. We have reached an agreement on the u. S. Mexico candidate deal. How good is this for the rest of us . We have reached an agreement on deal. S. Mexicocanada mr. Kudlow i think it is better than nafta. I think it is broader than nafta. It updates nafta. Particularly in some important new economy ways. The way this thing was always sense,d in a bipartisan you have domestic content and labor issues which have been resolved. You also have new economy issues. In particular, intellectual Property Rights which has never been put into one of these trade agreements before. I think financial and digital services. They are going to make a big difference. We will get a lot of investments that we might not have had. I pulled out some of the estimates from the International Trade commission. A lot of people were quoting numbers from the itc. Lower numbers. But actually, they gave wide ranges on the u. S. Economy. The r
From earlier this month this is about 15 minutes. It so the u. S. Economy has been expanding now for several years, but the Global Economy has slowed a bit and weve seen a little bit of an uneven performance with a consumer at times. And somebody said reception. Lets talk about these issues crews the roller kudlow whose the assistant to the president. Please welcome them. Hello larry, please take a seat. Hello lets just jump right into it because we have a lot of news this morning. Pelosi Just Announced the democrats and the administration have great reached an agreement on the un usmca deal, especially two votes next week, how good is this for the rest of us . For the u. S. Economy . Is it going to make any difference, and really is it any better than . After i think its better than nafta, i think its brother the nafta, i think it updates nafta. Particularly, in some important new and economy ways. The way this thing was always designed by bass ambassador lighthizer, in a bipartisan s
Points that key level broached 3100 for first time ever. The nasdaq is higher today all three of the major indices are on track for more record closier close closers. President trump said trade deals with china could happen. Eamon is there and has the details. Reporter thats right. The big question going into the speech today was would the president say anything specific about china give us any dates or locations any indication of where this signing ceremony might take place. The answer is no he didnt give us any specials. Here is what he did say. Were the ones that are deciding whether or not we want to make a deal were close. A significant trade one deal with china it would happy it could happen soon we will only accept a deal if its good for the yiet for our workers and great companies. A little vague there on the specifics. The president also really lashing out at some of his critics including democrats on capitol hill and the Federal Reserve. The president saying he wants to see n