companies and trade at a disadvantage. it is much harder to put something back together again. we feel see if that s possible. this is the part of the world, chris, of greatest consequence to america s future. it s where half the population of the world lives. it s where half the economic activity is. if we re going to prosper as we need to so that the american dream can continue and our society can move forward, our companies need to be able to do business in asia. and we can t get pushed out by the chinese or put at a disadvantage by they are, after all, a coupmmunist country. if you want to take a step further down the path of negativity, you go to the southern edge and we have isis. now we are being told this administration has put us in a
rights. donald trump is using a very different playbook. under his plans to make america great again, he could be handing china a key role in setting future trade standards in the most dynamic economic region of the world. andrew stevens, cnn hong kong. let s talk about that. author of what the u.s. can learn from china. welcome. i think it s always important to remind people that hillary clinton, bernie sanders, were all at one on tpp now he s done this exec tive action, u.s. companies that relied on business in asia, how would that affect them? it s going affect them. tpp was not such a trade deal
meanwhile overseas they have almost a million workers. the trade deal would make it easier for nike to do business in asia. that s what they re saying. okay. nike can easily create thousands of jobs here in the united states without the lousy trade deal as some experts see it. the president s visit today is an embarrassment to his presidency. it s going to wipe out a lot of good this president has done. earlier this week we told you president obama in his organization his administration was leaning on the congressional black caulk tus for support on the trade deal. think about this we have economically depressed areas in this country who are represented by a number of members from the congressional black caucus. and the president is saying, you know, we re going to create jobs in your district if we do another bad trade deal. really? this is blind loyalty if the congressional black caucus goes down this road. sources told the the ed show that officials are leading on
in china. andrew? how big of a deal is this? it s a big deal in that it s a snowball effect. every other day there is a new headline about jpmorgan. it is the darling and now it s no longer. it s a piece of a larger puzzle. is that more important? i can suggest to you what happened with the mortgage market in 2008 in criminal investigations, that s probably more important. this is an interesting issue. the new york times editorial board sums it up. while the out come remains unclear, they raise the obvious question of whether banks have been too big to fail, but too big to manage. and the question of whether banks can do business in asia. this is about their practices in asia and hiring people trying to cozy up to government officials and whether we can abide by the norms of business in china while abiding by the laws of the united states. it s a difficult balance.
phone hacking scandal that doomed a best-selling tabloid and rocked the very pillars of society. today, the parliamentary committee that grilled rupert murdoch and his son james last month released letters suggesting that illegal snooping, hacking, eavesdropping, were a lot more common at the now defunct news of the world than the murdochs led on. one such letter is from a reporter named clive goodman who was sacked and jailed for hacking the cell phones of the royal family. he writes to his paper s human resources department, this decision is inconsistent because, here s a name blacked out, and other members of staff were carrying out the same illegal procedures. he says this practice was widely discussed in the daily editorial conference until explicit reference to it was banned by the editor. now james murdoch appears to have some explaining to do. highly likely james murdoch will be invited back to give evidence. before that we want to take a very detailed account of