Schumer said hell vote against gorsuch. Senator schumers announcement caseyinutes after bob hell vote against gorsuchs confirmation. Schumer and casey were the first to announce what direction theyll take after gorsuch survived two days of before the Senate Judiciary committee with no stumbles. President trump pick to lead the exchanges and has noion jay clayton he speck plans to dismantle plans the doddfrank act. Including goldman sachs, told members of the histe Banking Committee work will be a strength should he win confirmation to lead wall regulator. P France Defense ministers drawing criticism from the socialist party for throwing support president ialndent candidate. Wonalist Party Candidate the primary in january but has sense slipped in the polls. Survey has emmanuel tied le pin. Im mark crumptop this is bloomberg. Live from bloomberg headquarters in new york. Were 30 minutes from the thee of trading here in u. S. U. S. Stocks erasing earlier treasury and dollars are mixed. We is, whatd you miss . Bloomberg has confirmed the on theill not vote healthcare bill today. Anticipated News Conference has been postponed indefinitely. Got mexican tasked managing relationship with the house. In california lawmakers are pushing state Pension Funds to divest from ecompanies that could be involved in the president s of the u. S. Mexico wall. California phil ting of San Francisco in the next hour. For more on this breaking news, i want to bring in Bloomberg Sahil kapur on capitol hill. No vote tonight . Vote tonight joe. We heard moments ago, i heard from a senior republican sources informed there will be no vote tonight. This is a huge set back for Speaker Paul Ryan and President Trump. Their first big initiative. Theyve been barreling to this a few monthsst for years. Several they simply do not have the votes. We do though that the trump presented their final offer to the Freedom Caucus this morning. Was it in that final offer that didnt pass muster . Would not sure i characterize it as a final word. The official word from them and including from the Freedom Caucus negotiations are ongoing. A lengthyaving meeting on capitol hill. Was in the offer was to repeal the regulations in the Affordable Care act that conservatives dislike and want to see gone. Lowerelieve it will costs. Insurance companies to cover 11 benefits in every sell. Nce policy that they conservatives want this gone. They have all sorts of problems thise Senate Getting through. There was an appetite on the right flank to do that. Seems like theres no agreement on that. Its not clear that will get votes. Sahil, given the delay to the vote, what the time line look any vote and more importantly, what will happen in makeays ahead that would passage any more likely than it was today . Is the Million Dollar question that Republican Leaders have been trying to figure out. Holding own possibility for a vote tomorrow. The Republican Leadership like to get this done this week. Energy among constituent is antithetical to this bill. Way to do will be to get 215 or 216 votes. That number byof or 10. E between 5 they are getting squeezed, toservatives want to move the right. There are moderates unhappy with cuts to med medicaid. And you noted this is a set back for the white house and for the white House Speaker. Is anyone talking about the possibility of moving tax reform and discussion of ahead of resolving healthcare bill first . I can tell you there are on tax reformk who love to see that happen. That is not an option Republican Leadership has considered. Is a promise theyve made for the last seven years. To dispense with it now after failed attempt will be a bit nonstarter. Cal i wouldnt expect that to happen soon. They need to try this. And see it fail. They would need try to get seether with the senate to if theres compromise. Movinghings have way of theresckly when negotiating and back room deals. This is a real set back for Republican Leadership. Very important point. Its delayed its not dead yet. Coming outws started last night that one of the approaches to getting the boardm caucus people on was therapy going to re remove some of the minimum requirements plans. Urance there was debate about whether this could pass the senate, rules parliamentarian rules. They allowed to do this with votes. Thats the story there . Thats a confusing idea most knee deep ine in congressional that is a problem that Republican Leaders have been considering. This is the reason they didnt remove that essential Health Benefit piece that they moved committee. They are not confident they can get that through whats called the bird rule. Provision that run through this reconciliation process that they using to avoid filibuster, directly related to tax and spending. These are regulatory issues. Theres a good chance based on the way the bill came out and leadership knows n wont pass muster. Repealg they add these of these regulations, theres always the danger that it gets stripped out the senate and right back to snare one. This is just another layer of the challenges that republicans facing. Great update. Bloomberg National Political reporter. Look where the major average stand. Market action on these headlines. There is Market Action on these headlines. The healthcare bill vote has been delayed moments ago these averages have been slightly higher. Now lower. The s p 500 just seconds ago had been session lows. Little bit disappointment around the uncertainty this bill, the vote has been delayed. It calls into the trade could under reversal. Here the losses are greater. Healthcare xl related sectors. Right around the time the headlines starting to surface, the xlv took a leg lower. Not a huge drop. It does tell us that investors are pretty uncertain here. Chart aboutto that the trade. Btv, thise a look at is out of the election the thing to take into account on this side its risk on. Out of the election, we have stocks rallying, we have the index railing,r we have oil rallying that growth off shown byd sold the ten year yield in yellow trading higher. Right around at end of february, started to s p 500reverse then the s p then the dollar and now the ten year yield started to drop confirming a bit of of risk off picture. Trade that the idea economy by president ated trumps policies. The healthcare bill is not put any sort of fiscal stimulus on hold. This trade does seem to be unraveling. Just to confirm what were seeing here, still this risk off picture. Ontake a look at the havens the day. The ten year yield is unchanged. Before band bonds have been trading lower and higher now. Not a lot of certainty. Higher for yen eighth day in a row. That happenedime since 2011. Then the gold down just slightly. Overall there is a sense of uncertainty. And risk off. Allll right well keep that in mind. Thank you so much. Coming up well have exclusive videgaray, hes foreign minister in charges of managing mexicos relationship the u. S. From new york, this is bloomberg. Earlier today from the mexico conference, bloomberg spoke with summers ask if he see the bill. Ssage to the reform package in all forms will mean less coverage, more americans without higherinsurance, premiums for the rest of us. Thatll end up paying for medical care when it comes through emergency rooms. Less competitiveness for American Business because theyre going to end up having premiums to cover the costs. Bad for the poor. Burdening on the middle class and undermining competitiveness. Way to go. The wrong in other words, its bad for the American Economy . This would be a substantial the American Economy over time. Ways in which would damage lower income people have lessthen spending power. Because of the way it would burdens to employers who be less able to compete. A policy that have moral problems, it is a policy pragmatic problems for american competitiveness. See any argument in favor of it. Arguments against. Bamacare lets go to the president who plan toing on the house delay the vote on healthcare bill. Has inflicted great pain. Many of you were forced to buy Health Insurance on the exchanges. You experienced a rise in premiums and a dramatic loss in options. You just take a look whats happened to the costs. Its incredible. You look whats going on with deductibles, theyre through the roof. You dont have it. Hopefully youll never have to use it. Or wont have that injury sickness. You know the problem. Its put a lot of the trucking businesses out of business. Is pretty tough. In addition, many Union Drivers plans taxedve their to pay beamier obama obamacare. For ae been against it long period of time. Trucking companies that are considered large employers have to offer government mandated Health Insurance. You have the mandate that just for them. Rk forced to do things that you dont want to do. Toay the house is voting disasterd replace the known as obamacare. Well see what happens. Close vote. After we repeal and replace obamacare, its close not because obamacare because its good, its close because its politics. Everybody knows its no good. Only politics. A great bill. I think we have a very good chance. Politics. Were going to do everything we truckers stayre busy, moving American Goods made companies and workers. Big difference out there now. Dont you think . Big difference. We will rewrite our broken tax our terrible trade deals. Well eliminate job killing regulations where you guys are to regulations and well free it up. Its going to be freed. Back to business. Well make sure americas infrastructure is the best in the world. Right now its probably the its been in 40 years. I have friends in your business. They say trucking from los to new york and back its very tough on the truck. That way withbe the condition of the roads and highways. I look forward to hearing from you. Well have long talk. Im not going to make it too long. Votes. To get were going to talk far little while. Im going to go back to business. I appreciate you all being here. Maybe well go around the table and yourduce yourself company real fast. Be excited byll that. Lets go. Im ceo of dominion operate 8000we andtors, 25,000 trailers 3 billion in sale. Employees thats fantastic that was President Trump saying that he needs to get back votes. Ng to court this comes that the house will be voting tonight on healthcare bill. Sahil kapur points out, that dead. T mean the bill is they dont have the necessary votes. Still trying to get the votes. Trump saypresident there about the importance of passing this bill and other bill to ease regulation on truckers. Still no vote. Lets lets go to whatd you miss . Sparking concern in mexico. That negotiations will be in entangled with the president ial election. From get more analysis erik who join us. Thank you so much. Im delighted to Bloomberg Radio worldwide. Foreignegaray is the secretary of mexico. Thank you its a pleasure to be here. Thisere the point man for countrys negotiations with the Trump Administration. Its quite a wait on your shoulders. How does it feel . Its important. Its something were working hard at. Its certainly a new something new. I dont think only for mexico. I think for the rest of the well. As were making good progress. Weve had some very strong with the new administration. Its very fluid. Everydays literally and every week. The next few years relationship dipped. A lot of things its a complex relationship. Good faith. Ng in sitting right here mr. Secretary, do you believe as andsaid before that Mexico United states could have a new free trade deal by the end of 2017 . I dont know about a precise date. Its a clear winwin for both and canada aso well. This is a trilateral deal. Negotiations start during the summer. Given this priority for three country,he it should happen rather soon. Committing to a date. We should commit strongly to a good outcome. The commerce secretary mr. Wilbur ross, said that he timing is probably more likely to be that the towards end starts of 2017. 12 months. Ssibly for 1 is that reasonable timetable . Not what we heard from secretary ross or from the white house. Have you heard . On whenl depends government sends notice to congress. Will start talks between canada, mexico and the u. S. Over theappens soon next days or week, we expect to starting trade talks at some point during the summer. This country has a coming upal election next year, june 2018. Negotiations drag on to that month or perhaps even later, does it not become a matter of fact if you will . President ial election here becomes a referendum on mexicos relationship with the and free trade as a concept . I think the u. S. Relationship of the important part environment in mexico. As we approach an election cycle. Thats something that goes beyond trade. Mexico feelsat about the u. S. And thats i important. So we work closely in good faith towards getting a good deal fording and good both sides. Lets talk about that. You framed it you hope to come out of this with is a winwin. Need to haveu chiefed coming out of this fortiation to call a win mexico . What counts as a win . Objectives. Recise in the negotiation, if want to be such, you got successful, understand what you want. The president laid out objectives. One is protection of mexicans in the u. S. Security and migration. Others is about trade. Weapon want the free trade to remain free trade. Can it be improved. It can be improved. A 20yearold agreement. Many things can be done better. Thoselearned a lot over 20 years. Its got to remain a free trade where investments are protected. That investors in mexico and u. S. And canada are protected. We includeant that things that didnt exist when created like electronic commerce. Economyrs from mexican liketer a recent reforms energy, telecommunication. Provisions does mexico nafta as itve under exists today that you would be say give up . What do you prepare to put on the table . Its no the about giving up anything. Its about improving. Instance, for thats the challenge. Approache way well it. This is not a game. Value fort creating three parties and long standing relationship. We can do that. What about anything youre prepared to put on the table . Nation. O is a sovereign nobody will make decisions about mexico other than mexicans. I give an example. Very specific. Some information about the u. S. Sending into Mexico Migrants that were not from mexico. Its not for the u. S. To decide who comes into mexico. Only mexicans decide those are red lines. Its important those are clear. Like a verys reasonable position. Many people wonder perhaps with good reason, just how much mexico has . Youre negotiating, you mention negotiating with canada. Youre negotiating principalically with the United States. Thats where the majorities of the trade. Were talking about the World Largest economy. Were talking about the last super power. What leverage do you have . Its not about leverage. Its about whats important. Jobs in the u. S. Those jobs very states, go to mexico. In such awhen youre tight relationship, both party other. Verage with each the question is, can you pull your leverage without hurting yourself . Probably not. Were not approaching this in sense. It should be a constructive process. Sensitivities that you mentioned about Corn Production and politically to a republican administration, those seem to be the statements or reflected in the statements that the Trump Administration and the himself have made. There. S take a moment what we heard the past few weeks about trade from the Trump Administration. From secretary ross from peter opportunity. Opportunity to make north america a very competitive region, a manufacturing power house. Things have to change in nafta. That . Believe i believe that. Thats what i hear. Calledpresident has nafta a terrible deal. Would you call a terrible deal . No. Its been a good deal for the three countries. Improved. Be we can make it better for america, better for mexico. About what might happen if no deal is reached. The formerrs, treasury secretary, told me here earlier today described the future for america without nafta in dire terms. A beachhead for the chinese. It could be a strategic and gift to china. Create condition for president. To become would you describe the future similar dire in terms . I think that we have to for all scenarios. If what is on the table is something that is not good for mexico, mexico will step away nafta. A certainly there will be future without that. That . Uld we want to do if we can have a trade deal that can be much improved of the three countries. Of course, you have to plan for scenarios. Its so strong of a case before Getting Better nafta and banking the three sides creating jobs and well paid jobs. Thats the case. Clear, if common sense doesnt prevail, it isnt a winwin, in other words, the win doesnt accrue enough for mexico, are you prepared to step back . Absolutely. Quite a future to stare down . Tremendousa opportunity. North america can be the most world. Tive region in the we can be an unparalleled manufacturing power house. We want tots what build. Mexico and jobs in the u. S. That wean opportunity have. What is the market telling . Telling us that these countries are talking to each other. They are working. They are working hard to get a good understanding and a good deal. I think that is what the market reflects. The market prices in many things. The environment is more constructed than what it was. As wekets are closing speak, so if i may ask you to sit tight for