The white house tells mexico and canada it wont cancel the north American Free trade agreement, but will renegotiate it. The peso and Canadian Dollar soar. Plus, is it Terminalfor Alitalia . Italys Flag Carrier Battles to stay in the sky as its rescuer pulls the plug. Welcome to World Business report. Im aaron heslehurst. Also coming up, raking it in, but are they worth it . Top bosses face their shareholders amid growing concern over excessive boardroom pay. We start with president trump, because once again hes taken the Business World by surprise. The white house has confirmed it has told the leaders of canada and mexico they wont be scrapping the north American Free trade agreement. But instead they will seek to renegotiate the terms of it. That has sent the Canadian Dollar and mexican peso soaring. President trump has repeatedly vowed to pull out from the 23 year old trade pact with the two neighbouring countries, calling it the worst trade deal in history. He already used an execu
I say to him, be like john mccain, the way he behaves, the way he serves his country, the way he conducts himself in public service. I want my boy to be like him. I dont want him to be like President Trump. Senator bob kerrey, i know we are talking about john mccain and the country should be talking about him. But thank you as well for your heroism and the work you did in protecting this country both overseas and in congress. Middle east tensions are rapidly escalating. Palestinian protesters continue to clash with israelis for the seventh consecutive we can at the border of the gaza strip. May 15th is the day after israels Declaration Of Independence and subsequent war in 1948 in which hundreds of thousands of palestinians were forced from their lands. Fuelling more of the unrest is the of mo of the u. S. Embassy to jerusalem, which is scheduled for monday, the same day as
israels 70th anniversary celebrations. Nearly an protesters have been killed by live israeli fire since the viole
wright no, he was speaker when i got here. but he would then be the leader in the fight to stop the age of the contras. republicans went after him, but our caucus was divided on the subject. then shortly thereafter it was nafta. very big division in the caucus on nafta, very big division on nafta. then the war in iraq, differences of opinion. as you know, i was you may not know, ranking member, it was adam schiff at the time, he was chairman i was the top democrat, we didn t have the majority. i said the intelligence did not support the threat. they said you re calling the president a liar. i said i m not calling him a liar, i m state ailing fact, the intelligence does not support the threat that this administration is using as a justification for war. people said to me then and i had been in congress over ten years by then, you re never going to anyplace in this party unless you vote for this war. well i didn t vote for it and
renegotiation? i would call this a modernization of nafta. and i would say there are elements throughout here that look just like tpp. some of this, that s another transpacific partnership, that was an important trade deal that this president pulled out of. that didn t happen. that our friends are all in. so some of these look like the dairy, for example. you re hearing folks north of the border and canada saying that the tpp sounds an awful lot like we d already agreed to. but the white house and administration officials are insisting, this is a good deal for american workers and a good deal for american farmers. is it a control-alt-delete on nafta? no, it s a modernization. all right, appreciate it. hey, new dads, listen up. what would you think not only if you got paternity leave, but if you were forced to take it? it s a controversial, bold argument being made on the pages of the wall street journal this morning. the author will join us next. luke s dad made 25 calls
i want to take a turn here to another topic, jeff, before i let you guys go, on nafta. the president, the talks will continue, the marathon talks that led to nowhere, will pick up on wednesday. what do you see come out of that, at this point, no deal with canada in the works and again, a possibility on wednesday for some progress? well, the president is certainly putting a lot of pressure on canada and that started last week, when we announced that they had already reached a deal with mexico, and said that we may or may not bring canada into that deal. what is interesting, though, is he certainly has leverage in these negotiations because mexico is already on board but if you look at the response from business, and from lawmakers on capitol hill who are saying we want canada to be part of this deal, we want a trilateral deal, there is also pressure coming back against the president and the administration, so we ll see what happens on wednesday, and in the coming days in the announc