Officials are getting ready to discuss the upcoming negotiations. Were live at the Wilson Center in washington. The program is expected to start at any moment. Youre crazy and no one is going to come and maybe this is sort of important enough. Maybe our existential questions will bring an audience and we had the idea bringing the mexicos negotiator ken smith to come, and it was a cheeky question, and he said yes, this is extraordinary and ken said last week, i dont think i can do it. So i apologize for misleading you. It was not intentional, but we have got an absolutely fabulous panel for you nonetheless. And let me just run through very quickly from left to right, as i see it, fred burkeson, a senior fellow at the Peterson Institute for international economics. Thank you for being with us. Its great you agreed to provide a repost to some of the mexican perspectives near. Very welcome. And secondly francis, known to most of you here, currently a partner at white and case and previousl
The undoing project. He has also written the big short and the new new things. Join us for indepth the first sunday of the month at noon eastern on booktv on cspan2. Negotiations are underway with the United States, texaco and canada to modernize the north American Free trade agreement. Earlier this week mexican trade officials were among the group of panelists who discussed how the nafta talks will impact mexico. This Panel Discussion hosted by the Wilson Center in washington dc is two hours. Good morning, ladies and gentlemen. If you are looking for a place we are willing to sell these seats at a deflated price, there are scalpers outside, dont use them, just give the money directly to me. Welcome to the Wilson Center. Thank you for being here. When we talked about doing an event in august a voice inside my head said you are crazy. In washington no one will come. Maybe nafta is important enough. Maybe our existential questions will attract an audience. Then we hit on the bright idea
Nafta. Former mexican trade officials talked about the likelihood of an agreement eating reached and how much Bargaining Power mexico has based on its trade deals with other countries. From the wilson center, this is two hours. Mr. Wood good morning. Will you come down and take a seat here. If youre looking for a place, we are willing to sell these place at an inflated price. There are scalpers outside. Do not use them. Just give the money directly to me. Welcome to the wilson center. Thank you for being here. When we talked about the event, a little voice inside my head said you are crazy, its washington, no one will come. They said maybe the nafta is important enough, maybe our existential questions will attract an audience, and then we came up on bright idea of asking mexicos chief negotiator to participate. Ken said yes, and this is going to happen. It is extraordinary. And then ken said, no, i can do it. So i apologize for misleading you. It was not intentional. But we got a panel
Look at the bloomberg, g btv 3598 that looks at the msn reading and market reading of manufacturing. 50 is the dividing line between contraction, so we saw manufacturing come down and has been016 expanding now at a higher rate to most of 2015 and now on 27 2016 and out 2017. As trump pushes for made in america, this chart shows we had seen an expansion of manufacturing, although he is looking to expand that even further. Taking you back to the markets and a look at the major averages in the wake, a bounce back after four days of selling stocks in the United States, but i want to look at what is going on with rates because we had been seeing rates push lower. Five, a move higher by basis points and you can see the reaction to the earlier economic data, the employment report showing a job expansion and now yields take a five basis points to 2. 5 . Likewise, the u. S. Dollar had been selling off recently and coming back today, particularly versus the japanese yen, catching a bid in recent
Is meeting with the National Association of manufacturers. Hes expected to make some major announcements on trade today with two executive orders. Our ylan mui is in washington, d. C. With all the details. Reporter sara, executive orders are focused on rooting out trade abuses designed to put other countries on notice and commerce secretary wilbur ross fired a warning shot on cnbc earlier this morning. There are unintended consequences of doing nothing as well. So as to doing something, tough think about it this way, we are in a trade war. We have been for decades. The only difference is that our troops are finally coming to the rampart. The first order calls for a review of any country with which the u. S. Has a trade imbalance, the biggest one of course is china. Theyre looking for currency misalignment, over capacity in any industry and perhaps even lax enforcement of existing agreements on the part of the u. S. This review will be due in 90 days. The second executive order will bol