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October 12, 2017
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As a fourth round of negotiations on the North American Free Trade Agreement commenced outside Washington, D.C., on Wednesday, President Trump hosted Canadian Prime Minister Justin Trudeau and said he's still considering killing the 23-year-old free trade pact. "I've been opposed to NAFTA for a long time, in terms of the fairness of NAFTA," Trump said. "I think Justin understands that if we can't make a deal, it will be terminated and that will be fine. ... We have a tough negotiation, and it's something you will know in the not too distant future." He suggested bilateral deals with Mexico and Canada would be better for America.

Trudeau said later that he's optimistic about NAFTA's prospect but Canada must be "ready for anything." The U.S. Chamber of Commerce is much less sanguine — in Mexico City, its president, Tom Donahue, said it's time to "ring the alarm bells" on NAFTA. "Let me be forceful and direct," he said. "There are several poison pill proposals still on the table that could doom the entire deal," and its failure would pose an "existential threat" to North America's national and economic security. On Monday, more than 310 state and local chambers of Congress urged Trump to stay in NAFTA.

If NAFTA is jettisoned, tariffs would go up on all products, and while the tax would be relatively low overall, U.S. agriculture would be hit especially hard, and U.S. automakers would have to rework their entire supply chains. Trump, a longtime critic of NAFTA, told Forbes this week, "I happen to think that NAFTA will have to be terminated if we're going to make it good." Trade advisers to former Presidents Barack Obama and George W. Bush told The New York Times they think Trump's nonstarter demands for Canada and Mexico are a pretext for killing NAFTA. Peter Weber

1:11 p.m. ET
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Syrian government strikes have killed some 500 civilians, including about 120 children, over the course of a week in the East Ghouta suburb of Damascus, reports the Syrian Observatory for Human Rights. The activist group says Russian planes are assisting with the attacks, but Russia denies direct engagement.

Syrian President Bashar al-Assad's forces reportedly used barrel bombs and artillery shells to target the area where some 400,000 people have no option of escape. Civilians are "being forced into bunkers and many of them can't even find the time to bury their dead," reports NPR's Lama Al-Arian. The Assad regime says its goal is to liberate civilians from a nearby rebel enclave.

United Nations Secretary-General Antonio Guterres is pushing for a U.N. resolution implementing a 30-day ceasefire so humanitarian aid can be delivered to East Ghouta. "I am deeply saddened by the terrible suffering of the civilian population," he said, describing the situation as "hell on Earth." If the resolution passes — Moscow is demanding edits in exchange for its support — its prospects for enforcement are dubious. Bonnie Kristian

12:44 p.m. ET

Delta and United Airlines on Saturday announced they are cutting ties with the National Rifle Association (NRA).

The airlines join the Avis, Hertz, Enterprise, Alamo, and National car rental brands as well as First National Bank of Omaha, Best Western hotels, MetLife insurance, and more than a dozen other companies in ending deals with the NRA. Delta previously offered discounted airfare for NRA members, and United offered discounts on flights to and from the organization's annual conference.

Companies are distancing themselves from the NRA in response to outrage following last week's mass shooting at a Parkland, Florida, high school. Customer responses to the tweeted announcements were predictably mixed. Bonnie Kristian

12:13 p.m. ET

A daring squirrel narrowly cheated death Saturday while attempting to sprint across the course of the women's parallel giant slalom competition at the Winter Olympics in Pyeongchang, South Korea.

Austrian snowboarder Daniela Ulbing just barely maneuvered around the animal, which appeared to reconsider its choices after she passed. Watch the squirrel's moment of destiny below. Bonnie Kristian

12:00 p.m. ET
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Billionaire Warren Buffett published his annual letter to shareholders of Berkshire Hathaway on Saturday. Berkshire's net worth grew by $65.3 billion in 2017, Buffett said, but $29 billion of that gain came from savings effected by the Republican tax plan passed in December. The new tax law lowered the nominal corporate tax rate from 35 to 21 percent.

For individual investors, Buffett cautioned against going into debt to purchase stock because the market may drop. "There is simply no telling how far stocks can fall in a short period," he wrote. "Even if your borrowings are small and your positions aren't immediately threatened by the plunging market, your mind may well become rattled by scary headlines and breathless commentary. And an unsettled mind will not make good decisions."

Read the full letter here. Bonnie Kristian

10:26 a.m. ET
Robert F. Bukaty/The Associated Press

The Department of Agriculture (USDA) on Friday began soliciting public input on restoring work requirements for food stamp recipients in high-unemployment areas where rules were waived in recent years.

"Long-term dependency has never been part of the American dream," said Agriculture Secretary Sonny Perdue. "USDA's goal is to move individuals and families [using food stamps] back to the workforce as the best long-term solution to poverty."

Able-bodied adults without dependents (ABAWDs) are eligible for only three months of food stamps through the Supplemental Nutrition Assistance Program (SNAP) unless they spend at least 80 hours per month working or at a qualified training. In five states — Alaska, California, Louisiana, Nevada, and New Mexico — and economically struggling localities in 28 other states, that rule is currently suspended.

No changes have been formally proposed at this time, but the USDA estimates about 2.9 million ABAWDs are currently unemployed and would therefore be affected if the waiver were rescinded. They make up about 7 percent of the 43.6 million people who used food stamps in 2017. Bonnie Kristian

10:17 a.m. ET

Heavy rains over the weekend are expected to exacerbate deadly flooding in the Midwest and southern Plains regions. Hundreds of people have evacuated their homes in affected areas from eastern Texas through southern Indiana, and at least three people, including one child, have been killed in connection to the floods.

Kentucky Gov. Matt Bevin (R) has declared a 30-day state of emergency, and Illinois Gov. Bruce Rauner (R) has issued a disaster proclamation for three counties. The National Weather Service advises caution of flash floods and tornadoes throughout the weekend. Bonnie Kristian

8:33 a.m. ET

The United States men's curling team took its first-ever gold medal at the Winter Olympics in Pyeongchang on Saturday. After nearly being eliminated from the competition, the team made a comeback win, besting both the Canadian team — prior to this victory, no American team in men's or women's curling has ever beaten Canada at the Olympics — and the Swedish team, which was ranked first in the world.

"During the entire end we could kind of feel it building," said team leader John Shuster of the gold-medal victory over Sweden. "Their margin for error got really small."

Also Saturday, Ester Ledecka of the Czech Republic became the first woman to take gold in two separate events at the Winter Games. Last Saturday, she was the surprise victor in Alpine skiing, and this week, Ledecka triumphed in her primary event, women's parallel giant slalom snowboarding. Bonnie Kristian

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