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Marketing. >> this is really surprising, domenico based on the other story based in the beltway that these two things actually got done. one might say should we have more crises and politics to get stuff done then? >> we talk about crises, a lot of these things that have gotten done, think about china trade and so many other things are crises of the president's own making that he has then gone and solved. i was tallying up some of them earlier today. if you think of china trade, the family separation, even the case under scrutiny for impeachment, the ukraine aid, president trump essentially cr...

Dialogues. and the discussion was about multilateralism, or bilateralism or unilateralism. you take your pick, right? where is the united states at then based on these two deals that just got done? >> clearly there is a preference for bilateralism. the u.s. -- and this is part of steve bannon's abandonment of multilateralism, his desire to deconstruct the administrative state. that's part and parcel behind a lot of this thinking. when you look at these deals being cut, there is still an argument to be made that organizations like the world trade organization and nato are extremely important in...

More open markets. >> joining us now, cnbc's senior analyst and senior adviser to schroeder's north america ron insana and domencomontanara. >> the fact that the trade one deal has gon gone through, we saw a muted response on friday. but this the buildup to the agreement being announced, we saw the market rally to all new time highs. it's generally good news if you're a shareholder. whether or not it is as momentous as mr. lighthizer would suggest remains to be seen there have been other very large scale trade agreements over the course of the last 70 years that probably eclipse these two. but...