Mexico

In the latest unexpected and ad hoc announcement on North American trade arrangements, the Globe and Mail reports that Trump's Commerce Secretary pick, Wilbur Ross, has informed Canadian officials that he plans to reopen NAFTA talks within days of his inauguration, and that rules of origin and independent dispute tribunals will be central in negotiations of North American Free Trade Agreement. Ross has indicated new administration will send a formal letter notifying Canada and Mexico of plans to renegotiate Nafta within days of Trump’s inauguration.

A lone shooter fired on a crowd at a nightclub in Playa del Carmen, site of the BPM electronic music festival in Mexico early Monday, leaving at least five people dead and at least a dozen more injured, according to a statement released by festival organizers. Local news reports suggest that the shooting came after a 'disagreement' and is connected to ongoing drug cartel wars in the area.

http://abcnews.go.com/video/embed

The attempted assassination of a US consular official and bloody protests, riots and looting that were spilling over into America have forced the closure of the US-Mexico border as the nationwide rebellion continues spiralling towards full-scale revolution. FBI offered a $20,000 reward for information on the attempted assassination. CCTV footage of the gunman, who is still at large, has been posted on the US Consulate’s Facebook page.

A couple of weeks ago we highlighted the protests that had engulfed Mexico after the finance ministry announced plans to raise gasoline prices by 20.1% starting January 1st.  Amid the chaos, the country's powerful Jalisco New Generation cartel threatened to to burn down gas stations as retribution for taking advantage of "the majority of the people who don't make even a minimum wage."

Following central bank governor Agustin Castens' comments earlier in the day that "intervention is a tool to smooth changes in currency value," and "Trump’s win has created uncertainty on Mexico’s growth model," Mexican Peso traders have come up with unusual solution: instead of dumping billions in intervention with no effect, buy Twitter and shut it down.

As Bloomberg reports, the strange idea has a certain logic to it...