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QUEST MEANS BUSINESS
A Canadian Official Tells CNN, No New NAFTA Deal Has Been Reached And The Us And Canadian Negotiators Are Done For The Day; Stars, Family Bid Aretha Franklin an Emotional Farewell; John McCain Arrives at U.S. Capitol; U.S. and Canada Fail to Reach a NAFTA Deal on Friday; Canadian Foreign Minister Speaks to the Press After U.S. Trade Talks; Coca-Cola Buys Costa Coffee in a $5.1 Billion Deal; U.S. Markets End the Week Mixed. Aired 4-5p ET
Aired August 31, 2018 - 16:00 ET
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
PAULA NEWTON, CORRESPONDENT, CNN: Good evening, I am Paula Newton in New York. You are watching the celebration of life that is there for Aretha
Franklin. We have been swinging and swaying in the studio as well. This is quite a celebration. Speaking now is Tyler Perry and he follows quite a
lineup and quite a lineup to come. We've had everyone from singers, politicians, family and fans paying their tribute to Aretha Franklin. Now,
a funeral it was, as I was just saying, eerily infused with incredible music to celebrate her life.
TYLER PERRY, AMERICAN ACTOR, PLAYWRIGHT, AND FILMMAKER: My prayer for you is that God that will allow you to grieve in waves, not that it would come
crashing on you all at once like a tsunami, but in waves gently touching your soul. That's the only thing that got me through my mother's death.
It would come in waves so that I could focus and move on and get through it and my prayer for you is that it comes in waves because it's going to come.
You can't work it away, I tried that. You can't drink it away, I tried that. You've got to let it come the way it comes and my prayer is that it
comes in gentle waves to your soul. So that's what I've been praying for you.
My mother died in 2009 and it was her who introduced me to the voice of Aretha Franklin. We would be driving up to the country and she would have
the music blasting and I could tell what my father had done by the music she was playing. If she was playing "Respect" or "Think" I knew he had
done something wrong, but if she was playing "Doctor Feel Good" he might have done something right.
So you can imagine my shock some 30 years later, I get a phone call, this lady on the phone she says "Hi, this is Aretha Franklin." I said "Who?"
She said "I love Madea." I said, "Well, you know she's not real, right?" She said "I don't care, I want to talk to her." I said "Hello." She loved
to laugh. She would invite me to things over the years and we would sit and talk. She'd want me to come back in her dressing room but I couldn't
stay there too long because in the dressing room, she would have the heat somewhere between 85 and double hell. She loved it - and loved it warm in
there. But we talked over the years.
When I found out she was ill, I called her up, and I was talking like Madea, making her laugh a little bit and the last time that I saw her
performance at the Kennedy Center Honors that everybody is talking about I was there. I was up in the box with President Obama, she comes out and she
starts singing and all of these upright stiff politicians are all over the place, but when she sang, all of that went away.
All of that pomp and circumstance and pretension went away. She brought them all to their feet so they can bow to the Queen of Soul. It was a
wonderful moment and as I'm standing there and I'm applauding and President Obama is front of me, he turns to me and he said, "That's why she's the
Queen of Soul." And I started thinking about that when I found out she was ill. The Queen of Soul, the soul, the soul, the Queen of Soul. What does
Well, the soul is the spirit created by God which dwells in our flesh, so if she is the Queen of Soul, what happened was - and we know that she was
the Queen of Soul - what happened was every time she sang, she sang from her soul. She sang from this special place that was in her soul, be it
gospel, be it jazz, be it blue, be it R&B, it was always from her soul.
PERRRY: Whatever the music genre was, but when Aretha sang gospel, something happened, something would shake in the room. When Aretha sang
"Amazing Grace, how sweet the sound," it never sounded sweeter than it did coming from Aretha. When Aretha sang, gospel, when said, "Oh Mary, don't
you weep, oh Martha, don't you moan." I believe that Mary went somewhere and dried her own eyes and Martha went over and stopped moaning in the
corner because when Aretha sang gospel, what happened was she connected the creator with the creative, so there she was calling on the name of Jesus.
When Aretha sang gospel, something shifted, something happened in the atmosphere. And what I'm glad about is that I had an opportunity to know
this woman, to know that she had this power to stand in between all these different genres and touch us in these different ways. I am grateful to
her. Family, my prayer for you, I want to be very brief because I know we've been here for a while.
My prayer for you is that the grief comes in waves and you could make your way through it and I'm so grateful to God that Aretha walked this earth.
I'm grateful to God that we had the fortune to be on this planet at the same time as Aretha Franklin. So God bless you. Thank you for asking me
to be here. Thank you for this moment. I love you all so much, take care.
UNIDENTIFIED MALE: Why don't we all stand, Mother Cicely Tyson, I believe is 91 years young.
CICELY TYSON, AMERICAN ACTRESS AND FORMER FASHION MODEL: God knows we have been blessed. I thought I would start by saying good day, but I don't
think that that is necessary. We all know what a great day this has been and how blessed we are to be here on this day.
I want to offer my condolence to the family. What a triumphant gift you have given the world that they have been able to experience, no matter how,
this moment in time with us, Sabrina, you are and will always be in my heart. God bless you.
Aretha was the sum total of her life's experience and she shared that with us with the soul, and the songs she sung. She spoke to us through her soul
and everything she experienced. That's why no matter what she was singing, she moved every single person. And so, with apologies to Paul Laurence
Dunbar, I say, stop that noise, Miss Lucy. Put that music book away. What it is you should keep on trying? If you practice until you're gray you
can't start no notes a-flying like the ones that rants and rang from the kitchen to the big wood when Aretha sings. You ain't got the natural voice
for to make the sound come right. You ain't got the tones and twistings for it to make it sweet and light.
TYSON: I'm telling you one thing now, Miss Lucy and I'm telling you the truth, when it comes to being right, it ain't no easy thing to do. Easy
enough for folks to holler looking at them lines and dots when there ain't no one can sense it and the truth will come to you in spots, but for
around, my Lord just sayeth, just to scratch heart and sing, just you stand and listen with me when Aretha sings. Ain't you never heard Aretha?
Blessed soul, take up the cross. Look at her ...
NEWTON: We have the great Cicely Tyson there giving her tribute to Aretha Franklin. We continue to keep an eye on the celebration of life for Aretha
Franklin in Detroit. We expect more - Stevie Wonder, Jennifer Hudson. But in the meantime, we will keep you covered on some breaking news out of
A Canadian official tells CNN, no new NAFTA deal has been reached and the US and Canadian negotiators are done for the day. Asked about the stalled
talks, President Trump tells CNN "If we don't make a deal with Canada, that's just fine. I say affectionately, we'll just have to tariff those
cars coming in."
Now, we do expect to hear from the Canadian Foreign Minister in about 20 minutes from now in a press conference. I can let you know that in fact,
Canadian negotiators saying now that there are three very tricky sticking points and one of them does remain that agriculture issue.
Now US negotiators meantime seem to agree with that but they say that the Canadians are not making concessions on agriculture. Now, Canadian
officials tell CNN, the US President is unwilling to compromise on some key issues. Speaking earlier, Prime Minister Trudeau insisted again, he would
not accept a bad deal.
(BEGIN VIDEO CLIP)
JUSTIN TRUDEAU, PRIME MINISTER OF CANADA: We have said from the very beginning that we believe there is a win-win-win out there. We know that a
renegotiation of a 25-year-old accord is about time and there are many things that we are looking at improving the accord by. We have engaged for
the past year or so in a thoughtful, positive, constructive way. We will continue to.
Our negotiators are right now down in Washington continuing to engage on it. But we've also been very, very clear. We will only sign a deal if it
is a good deal for Canada. Again, no deal is better than a bad deal for Canada and for Canadians and that's exactly what we are remaining firm on.
(BEGIN VIDEO CLIP)
NEWTON: I am joined now by one of the Bloomberg reporters who spoke to Donald Trump just yesterday. A lengthy interview, Margaret Talev is the
CNN political analyst as well and White House correspondent at Bloomberg News. I mean, Margaret, I've got a transcript here of your interview
yesterday. I've been pouring over it so much in this. Let's get to the controversy though with trade first of all. Look, Donald Trump made it
clear to you both on and off the record that he is not dying for a deal with Canada and that he seems to say, look, if we kick Canada to the curb,
that's okay at this point.
MARGARET TALEV, WHITE HOUSE CORRESPONDENT, BLOOMBERG NEWS: Well, Bloomberg doesn't discuss off-the-record arrangements and if we agree to talk about
something off the record, we honor that agreement so I can't speak to that at all, but I can tell you that what our story reflects is our conversation
with the President in the interview where he said that he believed they could have a deal as early as today and now, it appears that is not going
to be the case or if not, very soon in the future after that and his belief that ultimately Canada would have to go along with the United States.
And we have seen just in the last few minutes the President informing Congress of his plans to move ahead now with the replacement to NAFTA that
will be a deal with Mexico and saying it's something that Canada could be brought into, but as we understand the process, there is maybe a month or
so for that to happen and still fit into the fast track.
NEWTON: Yes, so it's still tense, but it's not a hard-and-fast deadline. I want to point out that the President tweeted just a little while ago
obviously respecting the fact that there was an off-the-record conversation, Bloomberg didn't release these comments, but in terms of the
comments being released he said, "Oh, well, just more dishonest reporting, I'm used to it, at least Canada knows where I stand."
And I want to go to that last point, "At least Canada knows where I stand." I mean, I am going to get into a couple of other issues with you, Margaret.
But from what you saw yesterday, and I know you've been covering the President quite intensely. Do you think this is a negotiating style at
this point that he believe is working because a lot of people feel that his negotiating tactics whether with Canada and China are being vindicated
because they've got Canada to the table and he's very clear that he is playing hardball.
TALEV: The President believes Canada will blink first because Canada is in a weaker position than the United States and at this point, he is willing
to take that risk. He prefers these unilateral deals to sort of global deals and in this case, where the three nations on the continent have been
bound together where the President is facing so much pressure from American business executives ...
TALEV: ... major companies saying if you break this up it could really be a problem for workers, including US workers, that the President, what he's
attempting to do is to make a deal with Mexico that pressures Canada to come in. And that's where he stands right now and based on what he told us
yesterday, his feeling as reflected in that interview is that ultimately, even if it is not today, in the near future, Canada will come along.
NEWTON: Yes, and a lot of people on both sides of the border say that has to happen. And it's unclear as to whether Mexico thinks it has to happen,
but it would be good to their economy.
Margaret, stand by if you can. We are going to be returning to the funeral of Aretha Franklin. Right now, legendary Sony music head Clive Davis is
CLIVE DAVIS, AMERICAN RECORD PRODUCER: ... for the next five years of years, five years of recording when Aretha would be over 40 years old.
Much of music had changed. Could she still compete? Well, there was no doubt in Aretha's mind and frankly, there was no doubt with in my mind. I
signed her to Arista Records and five years turned into more than three decades.
We were committed to show all the budding musicians how long a career can last, for Aretha was indeed a true genius of American music. Every time -
every time I was with her, whether professionally or personally, I was conscious that she was and would always be a significant part of history
and over the course of my life, I've been blessed with the opportunity to spend time with Presidents of countries, Presidents of successful trend-
setting companies. I've spent time with many successful artists, writers, and movie makers.
Most of these individuals have affected the world in some way, but Aretha is in her own very special category. Aretha's voice will be heard.
Aretha's voice will be impacting, Aretha's voice will be influencing others literally for centuries to come.
And so we got to work year after year, well into her 40s. Yes, well into her 50s and beyond and we had hits like "Jump To It," "Get It Right,"
"Who's Zoomin' Who," "Freeway Of Love," "I Knew You Were Waiting For Me," Sisters Are Doing It For Themselves, "A Rose Is Still A Rose."
Aretha would once again have number-one records, gold albums, platinum albums and several new Grammy awards. She relished, she really relished
and cherished every moment of it. And I was so privileged, so privileged to be there and personally witness a magnitude of talent of this singer's
singer, this musician's musician. And let me add for you that behind her God-given natural talent was the drive of a total perfectionist.
After we decided on the material for an ensuing album, she would go into Aretha mode and she privately rehearsed, she practiced, she prepared, and
by the time she came into the studio, she literally owned the song. Everyone in the studio would be in awe of her mastery when she stepped up
to the microphone. It was a real rarity if she ever were to be doing, if she ever were to do more than two takes. She was in control and she was to
nail it. Plus, Aretha was electrifyingly intuitive.
DAVIS: We were about to go to Washington, DC for her to perform at President Clinton's inauguration. We brainstormed the song and chose "I
Dreamed a Dream" from "Les Mis." Aretha, if you would, took command of that song in her mind. Flash forward to the performance and she was really
totally in command right from the beginning, hitting those soaring notes as only she could.
Everyone, everyone in the audience was transfixed as the performance kept building, and then the one and only Aretha on her own spontaneously changed
the lyrics from "I Dreamed The Dream" to "I Have A Dream." And that instinctive switch to the Martin Luther King mantra made the climax
chillingly unforgettable to this day. Aretha was being Aretha, in a class by herself.
So today, today on this very special day, permit me to talk of Aretha the person. Yes, as you've heard, indeed Aretha was indeed kind and thoughtful
and when she loved you, she really loved you. She was genuinely funny, occasionally with an on-the-money topical sarcasm, but she definitely had a
keen wit, she had a great sense of humor. But what stood out personally to me was that she really defined loyalty.
If I were to ask her to perform at a special event, she was there. Yes, she traveled the country by bus and in the winter roads that were not very
friendly, but she would be there. One year, I was getting a Lifetime Achievement Award at New York's Waldorf-Astoria Hotel and she was telling
me that she had begun seriously studying something, totally new that she had never before tried.
She was studying ballet. She refused to tell me anything about the performance that was to come other than "Clive, it's going to knock your
socks off and everybody in the audience's as well." Frankly, I couldn't at all imagine what it would be and no one there will ever forget it, least of
all me. The night came, the curtain went up, the orchestra started playing and then Aretha came on straight faced in a tutu. Yes, a tutu.
There was the Queen of Soul accompanied by members of the City Center Ballet Company. She joined well-rehearsed pirouettes and dancing with most
impressive agility and dignity. It was wonderful.
My friend, Aretha was going to extraordinary lengths to make sure the night would be a night always to be remembered, and hopefully that will reveals
to you the incredible wide-ranging quest for knowledge that Aretha had.
She studied classical music at Juilliard. She loved opera and of course, her performance without notice of Nessun Dorma at the 1998 Grammys, we all
remember that. We will never forget it. that truly will always show that there was nothing that Aretha could not inimitably master. And of course,
her commitment, as you've heard all afternoon to political activism is well known as is her famous quote, "I have the money, I get it from black people
and I want to use it in ways that will always help our people."
DAVIS: And you all know that Aretha did for the Reverend Martin Luther King and so many others. She was a true renaissance woman. She loved art.
She loved fashion and she loved food.
Yes, Aretha loved her soul food, but over the years as she came to New York, the two of us would go out to restaurants in New York, Bernardin,
Four Seasons, Grand (inaudible), from the finest cuisine in the most beautiful environment and although she would no longer fly to Europe, every
time I would get back from St. Tropez or from Capri. she would want all the details, what restaurants did I go to? What did I eat? Who was there?
She loved life. Aretha loved life. I'm so glad that two years ago, I finally purchased Andy Warhol's great portrait that he did for one of
Aretha's album covers. Yes, I walked by this painting several times each week and I think, I do think of the irreplaceable Aretha and it's just not
I think of her timeless influence on the countless generations to come, but you know something, there is and there always will be a huge void. I will
miss, deeply miss, that once in a lifetime voice. I will greatly miss her hearty laugh, those endless curiosity questions to me and that thirst and
that wonderful hunger for life.
Yes, I will deeply miss my great friend, the ultimate natural woman. Aretha, may you rest in eternal peace forever.
(BEGIN VIDEO CLIP)
SMOKEY ROBINSON, SINGER-SONGWRITER: We're going to miss you, we're going to be dear forever without you --
(END VIDEO CLIP)
PAULA NEWTON, HOST, QUEST MEANS BUSINESS: Now, with the legendary Smokey Robinson helping to say goodbye to Aretha Franklin. Now, politicians,
singers and family are delivering very powerful tributes to the singer known as the queen of soul.
[16:35:00] Her memorial is underway right now in Detroit, and we will continue to observe that celebration of life to you and bring you all the
highlights. Now, the late Senator John McCain's remains are lying in state at the U.S. Capitol building in Washington.
Rain greeted the senator's coffin as it arrived at the steps of the Capitol. Inside, his former colleagues held a memorial service to honor
his decade's of public service. Now, McCain's funeral will be held on Saturday. A Canadian official tells Cnn that NAFTA negotiations are done
for today and no deal has been reached by the White House deadline which was supposed to be today.
The U.S. President Trump responded by saying it's just fine if no agreement is made with Ottawa, and threatening to slap tariffs on Canadian cars. And
more on those tense negotiations, we have Canada's Foreign Minister Chrystia Freeland who is speaking out life from Washington. Let's listen.
UNIDENTIFIED MALE: At least, the President Trump will have the authority to face the implication to proceed with a bilateral trade deal or that you
would need fair to proceed(ph) --
CHRYSTIA FREELAND, MINISTER OF FOREIGN AFFAIRS, CANADA: You know, when it comes to U.S. legislative process, that's really a question for the
Americans and our American counterparts to answer into this.
UNIDENTIFIED MALE: You're saying that you don't have a problem, you're fine.
FREELAND: That's the message for the -- that's the question for the Americans, and it's really -- that's very good.
UNIDENTIFIED MALE: Hi, I'm Julie Grafonitis(ph), do you recognize me as well?
FREELAND: I do --
UNIDENTIFIED FEMALE: OK, good. I mean, we keep hearing the (INAUDIBLE) 19, and issuing statement points which goes to non-negotiable and the other
sticking points are things you can tell us about.
FREELAND: So as I said to the hardy reporters who were camped outside USTR earlier this week, Ambassador Lighthizer and I agreed that given the
absolute intensity of the negotiations right now, we wouldn't be negotiating in the public. So I'm not going to talk about the
UNIDENTIFIED MALE: President Trump has said that today was deadline for the NAFTA negotiations, and like you'll be going forward on Wednesday. Are
there any real deadlines to make sure that there is a NAFTA deal, and if so what is that going to do?
FREELAND: For Canada, the focus is on getting the deal. And once we have a good deal for Canada, we'll be done.
UNIDENTIFIED FEMALE: Hi, Minister --
FREELAND: Hi, Katie(ph) --
UNIDENTIFIED FEMALE: Today -- hi, don't -- can't confirm that he made some comments off the record suggesting that the U.S. would not compromise when
it came to negotiating with Canada. I know that you're not going to get into details.
But have you seen any movement from the Americans that would suggest that Donald Trump's characterization of the American negotiating tactics, that
temporization is not accurate?
FREELAND: As I said, this weekend, from the beginning of the negotiations, Ambassador Lighthizer and his team have been negotiating in good faith and
with good will. This is a process that began more than a year ago, and you know, we've done -- we've made some progress, we've done some works
I see Jerry Geaffe(ph) here, so I can't neglect to mention the concept during the rules of origin, and our starting point was a place where Canada
and the U.S. were quite far apart in their proposal. But what we found is the negotiations went on, if Canada and the United States shared a concern
for our workgroup in the car sector to our highway workers to have found that they can be the (INAUDIBLE) by trade agreement.
And one of the things that I think we are accomplishing in this agreement is a better deal for workers, Canadian and U.S. workers in the auto sector.
That's important and that's been a success due to Canada and the United States working together and due to Mexico showing some significant
flexibility over the summit.
STEPHANIE DHUE, CNBC: Stephanie Dhue with "Cnbc". So you mentioned the auto sector, how difficult is the pharmaceutical sector and the provisions
that would cause -- being drug prices to rise? That it keeps the client(ph).
FREELAND: Again, I said we're not going to negotiate in public. When it comes to the Canadian position on issues, I think our position are pretty
clear and pretty well known.
UNIDENTIFIED MALE: How can you --
UNIDENTIFIED MALE: Hi, Chrystia, how can you possibly negotiate with a guy like Donald Trump who says he's not going to -- he's not going to give any
[16:40:00] That's not a negotiation, is it like -- how could you possibly could deal with something like that?
FREELAND: My negotiating counter-party is Ambassador Lighthizer, and as I said, he has brought good faith and good will to the table. As I also
said, it is going to take flexibility on all sides to get to a deal in the end. And what can I speak to is the Canadian official and I really want to
assure Canadians that we're working hard to get a good deal.
We are confident that a win-win deal is possible, and we're always going to stand up for the national interest and for Canadian values.
(SPEAKING IN FOREIGN LANGUAGE)
NEWTON: That was Chrystia Freeland from the Canadian Embassy in Washington there, confirming what Cnn learned earlier that there's no NAFTA deal
today, despite the deadline that President Trump have put on top of that. We should say that they're going to be negotiating a bit next week.
The Foreign Minister confirmed that they're back to the table, says all sides are still negotiating good faith, but an understatement to say that
there had been tensions at the table apparently, still very hang up on the issues of agriculture and in fact as well, whether or not, there'll be some
kind of a, you know, third-party referee in these trade disputes.
Donald Trump for his part, just a little while ago, saying that, look, if we get a deal with Canada, great, if not, he may in fact then slap auto
tariffs on Canada, and that is the big threat that he is wielding right now. We will continue to watch this press conference as there's more news.
And again, I want to remind you, we continue to watch that celebration of life that is going on in Detroit for Aretha Franklin. In the meantime
though, we are going to turn to more business news. And Coca-Cola is buying the U.K. coffee chain Costa Coffee.
Now, the deal is worth an excess of $5 billion, and will also give coke access to Costa's network of vending machines in on-the-go outlets. Now,
Coca-Cola CEO James Quincey spoke to Poppy Harlow back in January about the company's strategy.
(BEGIN VIDEO CLIP)
JAMES QUINCEY, CHIEF EXECUTIVE OFFICER, COCA-COLA: I mean, I think it's a realization that what's got us to 130 years of success is not going to take
us on the next 130 years --
POPPY HARLOW, CNN: OK --
QUINCEY: As the world develops, as economies grow, as the world urbanizes, people still want to enjoy beverages actually each year they spend more on
beverages, but they want choice.
HARLOW: You said to this company when you were promoted from COO to CEO, "please, have a bigger appetite of risk", why? Why more risky?
QUINCEY: Well, I think partly, I'm pushing against what is a natural institutional trend. Any large company, government, any organization is
going to tend to become risk adverse overtime as it becomes longer lived and more success --
HARLOW: Bigger and older?
QUINCEY: Bigger and older. Definitely, you've got to push against it as the CEO. You've got to keep driving for people and look outside and see
what's happening to the consumer, what's happening to the customers.
(END VIDEO CLIP)
NEWTON: OK, Anna Stewart, is he saying you have to keep driving forward to look and to see what the new trends are. I mean, some people think cost is
a good move, others are kind of skeptical especially with that big price tag of $5 billion. I mean, what are they saying as to why they've done
ANNA STEWART, CNN: Well, James Quincey today said that they wanted to move into hot beverages, it's the only sector that they really don't have a sort
of a presence in. And in that interview, you know, many months ago, he did say that people are spending more on beverages but they want choice.
And actually, the trend that we're seeing at the moment is just more health conscious consumers, they're shying away from buying sugary, busy drinks
like Coca-Cola, Pepsi, sales have been in decline in the last year.
And the trends of coffee continues, and this does mean that there are much wider trends, Paula, so Nestle has underlined that Starbucks, they bought
up new Bottle Coffee, they bought a Chameleon Cold-Brew.
JAB and other conglomerate, they bought Pret A Manger, they have Peet's, they have Stumptown and Keurig Green Mountain, well, that one merged with
Dr. Pepper Snapple.
So this certainly plays into a bigger picture. The question is, and the question that honestly, we often say is, is this move a little bit too
[16:45:00] And if you look at the Whitbread share price with Pret(ph) being the current owner of Costa, they had a (INAUDIBLE) day at some 17 percent
at 1 point, they closed around 14.6.
So clearly, people think this is a very good deal for them. But the question is, is it definitely going to be a good deal? Will it see growth?
Will it see value in revenue for Coca-Cola?
NEWTON: Yes, and the issue here as well is how do you get growth out of this? Whether or not you're paying too much for it -- I, you know, everyone
says the coffee market is saturated now.
STEWART: It is, and Costa, I can tell you, it's very expensive. It's sort of -- Costa costs quite a lot in terms of your coffee. But there are --
yes, it is a fairly saturated matter-- saturated market, so particularly in the west. But there are some areas of growth here, and Coca-Cola will be
particularly interested in the fact that Costa wants to have products in supermarkets, but it hasn't really managed to get there yet.
It has as you said vending machines in gas stations and shops and supermarkets. It doesn't have what Starbucks has, which is coffee readily
available on the shelf for you to buy. And this according to Mintel is worth a third of the overall coffee industry.
So this is somewhere that certainly Coca-Cola can help Costa, and of course, today we did hear more about expansion plans for Costa, and again,
that's something Coca-Cola has all this experience in as well.
NEWTON: Yes, and you can imagine that they're eyeing that Asia market to see as you said what Costa could do for it there, and Stewart, thanks for
staying up late for us in London, appreciate it.
Now, as we have been following memorial for Aretha Franklin, it has been truly a celebration fit for that queen singer. Politicians, family and
fans paying tribute to Aretha, a funeral filled with music to celebrate her life.
(BEGIN VIDEO CLIP)
(END VIDEO CLIP)
NEWTON: The unmistakable voice there of Chaka Khan, emotional rendition of "Going Up Yonder" sang just a short time ago. Former President Bill
Clinton was among those who spoke about his love for his queen of soul.
(BEGIN VIDEO CLIP)
BILL CLINTON, FORMER PRESIDENT OF THE UNITED STATES: OK, so I figured out, I think that the secret of her greatness was she took this massive talent
and this perfect culture that raised her and decided to be the composer of her own life song.
(END VIDEO CLIP)
NEWTON: "The composer of her own life song". Our Ryan Young is in Detroit where he has been for several hours, we've got to say Ryan, we are a little
bit more than two hours beyond schedule and no one seems to be complaining at the celebration that is in there.
RYAN YOUNG, CNN CORRESPONDENT: No, this is like Easter Sunday service, don't complain when the pastor gets up there and goes too long. That's
just how this is at this point. When you look at all the pastors that were on that program, you knew this was not going to stay on time.
It started late, it will end late. Are you going to stop the Reverend Jackson from going on and on or Bill Clinton saying what he said? It was
absolutely beautiful what we've seen so far, the outpouring of support not only from this city, because let me tell you something, this city loves
Everywhere we went last night, this city was dressed in pink, and you saw respect all over the city. But then when they told fans that some of them
could get inside to this funeral and people started showing up yesterday to try to get in line to get inside, you knew what was going to happen here
There was going to be this outpouring, this celebration. When you think about what she meant, this six decades that she was a musical performer,
you think about where we were in terms of a country especially with African-Americans fighting for their rights.
And the idea which she used to travel, she wasn't even able to stay in the best hotels, well, did anybody denied the queen of soul the best hotel at
this point, probably not. So you see this evolution going on, and it was amazing. You have a president, you have a reverend, you have people who
are entertainers all coming together, ridding their souls, sort of hang out.
Behind us right now, some people sort of have started walking out. In fact, that's Nancy Wilson who is standing just right over there. So you
get the idea they're starting to bring the flowers out, you know it's winding down. But you never know because some of these pastors make it up
and do one more sort of speech before it's all said and done.
We were told three hours ago that the program has been basically thrown out, they're not going by that anymore, they're just going to let it flow
and see what happens next.
NEWTON: Epic, Ryan, epic, and we continue to have our eye on this. And Ryan, just quickly, if I'm wrong, we stopped to hear from Stevie Wonder,
anything or did I miss something this afternoon, he's already out.
YOUNG: I haven't heard of -- I haven't heard from him, and that's the question that we've all had out here because at some point, our internet
connection died, so we can't watch it right now, and so we don't believe he's gone yet, and you know, they're going to give Stevie his time.
So again, this could stretch on for another 30, 45 minutes, maybe longer, maybe it will be shorter, we just don't know at this point.
NEWTON: And you know what? We want to see Stevie Wonder as well. Jennifer Hudson was supposed to be up, we continue as Ryan just said, this is free-
flowing. Ryan, we will continue to keep an eye on it, and thanks so much for giving us some of the color of what's going on there in Detroit. And
we will be right back with more news in a moment.
NEWTON: And some more breaking news. Of course, on trade negotiations in Washington, a senior White House official tells Cnn that in fact the United
States is still trying to pursue a trilateral deal with NAFTA, that would include both Mexico and Canada.
And that that is still the goal. Abby Philip is at the White House, following all of this. You know, Abby, that kind of dovetails into what we
heard the Canadian foreign minister just say, saying that look, a deal is still within reach. But here's what I'm going to put to you, Abby.
I mean, as far as I know, the president will be at the White House this weekend, and I know in terms of how these negotiations have gone for
literally months now, that Donald Trump still has to approve whatever they negotiate around that table.
Have we learned anymore about his posture because he keeps just saying that, look, Canada is basically taking her leave at this point.
ABBY PHILIP, CNN CORRESPONDENT: That's a great question. What is the president's position on whether or not he even wants a deal with Canada.
He announced this week with great funfair that he had reached a deal with Mexico. He said we're working on Canada, but seem to imply that they would
be more than happy to go forward with just a Mexican trade deal.
He's also said in the past that he actually prefers bilateral deal to these multi-party deals that the United States has been doing for many years now.
But at the same time, this could be a case where the president is issuing what are essentially threats to Canada with some of his rhetoric even while
his government officials are working with them behind the scenes, trying to get to a deal.
They said that next Wednesday, they're going to meet again with the Canadians to continue these talks. They've sent the official notice to
Congress, giving 90 days notice that they are looking to make a deal with both Canada and Mexico, basically by November.
And the president is saying, you know, we'd be happy to get a deal with Canada, but if we don't, we're just going to tariff them. So these may
just be threats aimed at getting Canada to the table, aimed at showing them that the president is serious about moving forward one way or another.
But it is hard to know, given how much President has talked about not liking these multi-party deals in the first place. He has always said he
likes to do things bilaterally, one-on-one between countries like he did or like they appear to have done with Mexico earlier this week.
[16:55:00] NEWTON: Yes, and it's important to remind everyone that when the president gave personal assurances to Justin Trudeau, and at least one
European leader that they wouldn't have steel and aluminum tariffs imposed on them.
And guess what? Still today, there are steel and aluminum tariffs imposed. And so I guess people are kind of wondering when it comes to -- if we look
beyond the NAFTA deal, he's talked on trade all week, saying, he still thinks he may pull out of the WTO, the fact that he is ready to impose more
tariffs on China, perhaps later next week.
And then he is now tying trade with China to negotiations on North Korea. I mean, from your sense there at the White House, Abby, does it seem as if
he is really writing his own script because I can tell you in the sense that many Canadian officials gather at least and others is that, it's
really not final until you take it to the Oval Office and take it to the president.
PHILIP: That's absolutely right. In the veil, the practice of this administration where officials are conducting what amount to be good faith
negotiations with their counterparts and other countries about trade and which they're seeking to make a deal.
But the president is just satisfied with anything that doesn't meet his criteria for something that is fair. Now, this is a president who has
railed against pretty much every trade deal that's been signed in recent years, and it's hard to know what kind of trade deal he will accept.
So it is a fair question for a lot of these countries. What exactly is President Trump willing to do or is President Trump more interested in just
imposing tariffs which he's pretty clear he believes is actually pretty good policy, pretty good trade policy, and that's why there're so much
He seems to be much more comfortable with tariffs than he is with striking a bargain on trade --
NEWTON: All right --
PHILIP: With a lot of these countries.
NEWTON: Appreciate it, Abby Philip following all these developments late afternoon in Washington D.C. Now investors were watching those NAFTA
negotiations very closely as you can imagine during Friday's Wall Street session.
After a negative open, the Dow made a short-list comeback, didn't last long before it sinking right back into the red. Not a big deal though, but that
was, thanks to earlier comments from the Canadian foreign minister. You see the market there down marginally, really now.
Overall, it has -- you have to think, being a stellar week for U.S. stocks. I mean, look at that end as well, the Nasdaq has jumped almost 6 percent.
Now, we will continue to be watching that celebration of life for Aretha Franklin, those are live pictures now and we hand you over to the --
UNIDENTIFIED MALE: Backup singers have all been -- performed for 1 hour for all the residents in this (INAUDIBLE).