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The white house tells mexico and canada it wont cancel the north American Free trade agreement, but will renegotiate it. The peso and Canadian Dollar soar. Plus, is it Terminalfor Alitalia . Italys Flag Carrier Battles to stay in the sky as its rescuer pulls the plug. Welcome to World Business report. Im aaron heslehurst. Also coming up, raking it in, but are they worth it . Top bosses face their shareholders amid growing concern over excessive boardroom pay. We start with president trump, because once again hes taken the Business World by surprise. The white house has confirmed it has told th...

I say to him, be like john mccain, the way he behaves, the way he serves his country, the way he conducts himself in public service. I want my boy to be like him. I dont want him to be like President Trump. Senator bob kerrey, i know we are talking about john mccain and the country should be talking about him. But thank you as well for your heroism and the work you did in protecting this country both overseas and in congress. Middle east tensions are rapidly escalating. Palestinian protesters continue to clash with israelis for the seventh consecutive we can at the border of the gaza strip. Ma...

Wright -- no, he was speaker when i got here. but he would then be the leader in the fight to stop the age of the contras. republicans went after him, but our caucus was divided on the subject. then shortly thereafter it was nafta. very big division in the caucus on nafta, very big division on nafta. then the war in iraq, differences of opinion. as you know, i was -- you may not know, ranking member, it was adam schiff at the time, he was chairman i was the top democrat, we didn't have the majority. i said the intelligence did not support the threat. they said you're calling the president a li...

Renegotiation? >> i would call this a modernization of nafta. and i would say there are elements throughout here that look just like tpp. some of this, that's another transpacific partnership, that was an important trade deal that this president pulled out of. >> that didn't happen. >> that our friends are all in. so some of these look -- like the dairy, for example. you're hearing folks north of the border and canada saying that the tpp sounds an awful lot like we'd already agreed to. but the white house and administration officials are insisting, this is a good deal for american workers and ...

>> i want to take a turn here to another topic, jeff, before i let you guys go, on nafta. the president, the talks will continue, the marathon talks that led to nowhere, will pick up on wednesday. what do you see come out of that, at this point, no deal with canada in the works and again, a possibility on wednesday for some progress? >> well, the president is certainly putting a lot of pressure on canada and that started last week, when we announced that they had already reached a deal with mexico, and said that we may or may not bring canada into that deal. what is interesting, though, is he ...