especially, you know, i think china is more than just a commerce pact, it s also political. how do you squeeze them? trade. neil: what do you think of the approach he has taken. talk about these other countries obviously from south korea and even the deal with japan, the promises we are getting out of europe and now this three-way deal including the united states, canada and mexico, isolating china. what do you think? i think is he isolating china. playing tough here. and it s working. and i love how he tried to read the rhetoric, at the end of last week the story was canada is out. this isn t going to happen. the weekend goes by. we get to monday morning. we have got a deal. the problem for people watching this too often is they pay close attention to what he is saying. not what he is doing. he wants to get these deals done. that s abun dapghtsly clear. he wants china to come to the table. what he is saying to them you are isolated. everybody else is coming on board. we have ident
life and why time may be running out. i m wolf blitzer. you re in the situation room. the sinking feel is back on wall street. the breaking news this hour. all major stack indices with the dow down 500 points. once again, we saw dramatic fluctuations over the course of the trading day. one analyst says, and i m quoting, fear and greed are driving this frantic cycle of buying and selling and that s costing investors trillions of dollars on paper. joining us now, richard quest. what is going on in europe right now that could drive down wall street so quickly, so dramatically. tt markets are feeding on themselves. the problem in europe concerned france and fears that france may lose its own aaa rating. that has been denied by the rating agencies. and secondly some french banks may be in trouble. they came out and said rumors were founded, but it doesn t really matter in this market. the rumors were a toll was taken. europe fed into the u.s. the u.s. fed back to europe. and t