White House Trade and Manufacturing Advisor Peter Navarro appears on Fox Business to discuss the purpose and intent of the USMCA and the ongoing China trade discussions.
What Navarro skims upon is the heart of the economic purpose behind the USMCA as requested by President Trump and constructed by USTR Lighthizer. The USMCA establishes an internal North American manufacturing system; this provides the alternative for Asian manufacturing of goods for the U.S. market.
This manufacturing system is why Mexico is “all-in” to support the USMCA. Additionally, the economic benefits within the system as constructed is exactly why Mexican President Lopez-Obrador is willing to pressure House democrats to ratify and also back-up President Trump on other geopolitical issues (immigration controls etc).

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On the Stock Market dynamic. Currently there is a great deal of investment capital waiting to see where the money should be placed. Investment in China has dropped dramatically; investment in Southeast Asia shifted, but new investment is pending this outcome. Multinationals are calculating the TCP (Total Cost of Production), and if the new USMCA is passed there will be a triggering effect of North American investment because the uncertainty will be eliminated.
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Today President Trump has traveled to Pittsburgh, Pennsylvania to deliver remarks at the 9th annual Shale Insight conference.  Anticipated start time 3:40pm EDT.
UPDATE: Video Added

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Nancy Pelosi released a “fact sheet” outlining her justification for the impeachment process.  Within the justification Speaker Pelosi/Lawfare intentionally conflates investigating past political corruption/interference (2016) with the current 2020 election.

Speaker Pelosi’s self-serving position boils down to: any effort by the executive branch to investigate prior political corruption is grounds for presidential impeachment.  READ:
[scribd id=431368353 key=key-r7R3psuHttr35Dvqc0eJ mode=scroll]

Earlier today President Trump held a cabinet meeting and permitted the U.S. media to stay in attendance for the first hour.  No U.S. President has ever allowed this level of transparency in government.  After brief statements, the president took multiple questions from the assembled press pool. [Video and Transcript Below]

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[Transcript] – THE PRESIDENT: Okay. Thank you very much. We have a Cabinet meeting. We’ll have a few questions after grace. And, if you would, Ben, please do the honors.

SECRETARY CARSON: Our kind Father in Heaven, we’re so thankful for the many blessings that you have bestowed upon us in this country. And we’re thankful for the people of courage who have been here before us, who have fought hard for the rights of our country.

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Leftists love to trot out Christine Lagarde as the pontificating elite to defend their multinational interests.  Recently the former IMF leader was elected to take control of the European Central Bank.   As a direct result, Ms. Lagarde is now taking an adverse position toward a strong U.S. economy and decrying the ‘America-First’ policies of President Trump that have removed the tentacles of global financial control.
If you follow trade, finance and the interests of the multinationals, this is actually quite funny.  In this first brief interview segment Ms. Lagarde, has the elitist audacity to warn President Trump that lowering U.S. interest rates defeats the agenda of the EU.  She doesn’t put it in those terms, but watch and we’ll explain:

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Notice how Lagarde magnanimously claims that lowering interest rates when the U.S. economy is strong, and the U.S. unemployment rate is at historic lows, could lead to rising prices inside the U.S.  Too damned funny; how very kind of the EU to be worried about U.S. consumers… (pro tip: they ain’t).
What she’s really worried about is the dynamic that President Trump has created that is crushing the globalists. Let’s expand.
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Speaker Nancy Pelosi has a plan, at least the collective ideology behind her has a plan.  Her recent trip to Jordan and Afghanistan are part of that plan; everything is essentially connected.    Pelosi will do whatever is needed to hamper the U.S. economy in an effort to weaken President Trump’s relection bid.  Blocking the USMCA is part of that aspect.
The visit to Jordan and Afghanistan was purposeful ground work in preparing to seed the narrative that President Trump’s withdrawal from mid-east conflict is evidence of dangerous foreign policy.  Again, just like the USMCA stall, the larger goal is to weaken the President in advance of 2020.  Everything is connected.
National Economic Council Director Larry Kudlow appears to be realizing the Democrat’s hatred for ‘America-First’, which weakens their personal financial position, is their driving ideology.

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Commerce Secretary Wilbur Ross discusses the negotiations with China and the possibility of agreement on ‘Phase-1’ aspects prior to December.  Secretary Ross is not necessarily optimistic the agreement will be made based on Beijing’s outlook toward the enforcement mechanisms and forced compliance. Ross also discusses Brexit from the position of mutual benefit.
On the subject of USMCA Secretary Ross outlines the only reason for Democrats to hold back ratification is Pelosi’s politics. [Only 20 legislative days left in 2019] Mr. Ross discusses the options if Pelosi refuses to take up ratification.  On this subject the commerce secretary does not sound optimistic.

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Trying to find the details within the U.K-EU Brexit deal is more difficult than finding evidence of a Yeti.  The negotiating team secrecy is inherent to the way the elites within the European systems work. Essentially the “betters” rule the proles by hiding the details and relying upon the electorate to “trust” the outlined framework of their elected superiors.
Hiding details is a feature within the European system and the way the government looks at their role.
That said, tomorrow British members of parliament will begin debating the deal for the UK to exit the EU.  The deal was modified by Boris Johnson.  A backgrounder:

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Farage is concerned, rightly, about how the framework of the EU customs union is constructed to influence the UK after Brexit.  From what can be determined there’s a triggering mechanism where the UK and EU begin a lengthy process to construct a UK trade agreement with the EU after Brexit takes place.
Within that post-Brexit automatic trade-framework is where the European Union is seeking to retain their influence over the United Kingdom. However, it is not accurate to overlay EU influence too heavily, and here’s why….
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Office for Trade and Manufacturing Policy’s Peter Navarro discusses the China trade negotiations, the UAW General Motors strike, U.S. tariffs in European goods, and USMCA.
On the U.S-China ‘Phase-1’ construct the key issue is going to be the enforcement mechanism to ensure any agreement has strength.  On U.S. placing tariffs on the EU due to the Airbus ruling Navarro reminds everyone the WTO ruling does not permit the EU to place tariffs on U.S. productions.  On USMCA everyone avoids telling the truth; that is  Nancy Pelosi is waiting to see what happens in the Canadian election in three days.  If Trudeau wins re-election, the USMCA will likely be scrapped (tabled) by Pelosi.

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{*Note* We are holding-back on BREXIT-EU deal outlines until we complete reading the majority of the 2,000+ pages of UK-EU legal agreement construct.}
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Today President Trump will be delivering remarks and participating in a ribbon cutting ceremony at a new Louis Vuitton luxury goods manufacturer in Alvarado, Texas.  The facility is expected to create 1,000 new jobs.  Anticipated start time 5:40pm ET.
UPDATE: Video and Transcript ADDED

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[Transcript] – THE PRESIDENT: Thank you very much, everybody. Very, very much appreciated. We’ve had a tremendous day today in the Middle East. We were a little bit unconventional, and we did something that nobody has been able to do for many, many years. They’ve been trying to put things together. So we went the unconventional way, and they had some fighting and they said, “We don’t like this fighting too much. This is a little more difficult than people thought.”
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