The North American Global Powerhouse

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July 12 (Bloomberg) -- In today's "Morning Must Read," Bloomberg's Scarlet Fu and Sara Eisen recap the op-ed pieces and analyst notes providing insight behind today's headlines. They speak on Bloomberg Television's "Bloomberg Surveillance." (Source: Bloomberg)

Standard of pores over the ratings downgrade and s&p are due back in court saying the ratings are puffery.

This is on the self complected damage that s&p has done through this argument.

A columnist says it is one thing to slap aaa ratings.

Credibility has to be an important asset s&p but this is an example of a legal strategy creating a pr nightmare, downgrading its own reputation peter henry is with us from new york university.

Old leadership and credibility debate is much more visible.

The world is moving much faster.

There are real questions are now about what your response is.

Sorting through the end newspersons the noise is as hard as ever.

This comes from someone we have not heard from in a long time, george schulz, the former secretary of treasury.

Secretary of state, secretary of labor.

He is 92 years old.

He is going back to nafta and applauding this entire program and the success as will look to the u.s.-european trade relationship with those trade negotiations on the table.

He says what about north america.

The secretary has spent a large amount of time making a conservative voice.

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