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Especially, you know, i think china is more than just a commerce pact, it's also political. how do you squeeze them? trade. >> neil: what do you think of the approach he has taken. talk about these other countries obviously from south korea and even the deal with japan, the promises we are getting out of europe and now this three-way deal including the united states, canada and mexico, isolating china. what do you think? >> i think is he isolating china. playing tough here. and it's working. and i love how he tried to read the rhetoric, at the end of last week the story was canada is out. this...

life and why time may be running out. i'm wolf blitzer. you're in "the situation room." the sinking feel is back on wall street. the breaking news this hour. all major stack indices with the dow down 500 points. once again, we saw dramatic fluctuations over the course of the trading day. one analyst says, and i'm quoting, fear and greed are driving this frantic cycle of buying and selling and that's costing investors trillions of dollars on paper. joining us now, richard quest. what is going on in europe right now that could drive down wall street so quickly, so dramatically. tt ma...