The Trade Deal Formerly Known as NAFTA

On What'd You Miss this Week, Scarlet Fu, Joe Weisenthal, Caroline Hyde, and Romaine Bostick spoke with Stefan Selig, former U.S. Under Secretary of Commerce and International Trade under President Obama, about President Trump's new trade deal with Canada and Mexico. It got a new name and a new acronym.

Selig said it was "a redo, not a do-over" but still a big win for the White House, businesses and workers, with additions that had been included in the failed Trans-Pacific Partnership, such as environmental standards, intellectual property and the digital economy. "We've avoided what would have been a big misstep if we would've exited NAFTA," he said. "Look if we can do TPP again and call it the Trump Pacific Partnership, I'd be all for it."

Adriano Bosoni, Senior Europe Analyst at Stratfor, also joined to discuss this week's budget battle in Italy. Bosoni explained how even things as thin as rumors circulating in the Italian press were enough for Italian bond yields to go down. "Investors are trying to cling to whatever good news they can get," he said. Bosoni stressed that the fundamental problems had not gone away. "The Italian economy still has a massive level of public debt, is not growing enough, and has an anti-establishment government," he said. "The reasons to be afraid, or to be concerned at least, are still there."