From the New York Times, I'm Michael Barbarale. This is The Daily.

Today, in a joint statement signed by President Trump and Kim Jong Un, North Korea committed to complete denuclearization.

Why is a promise that bit being dismissed as meaningless?

It's Wednesday, June 13th.

The letter that we're signing is very comprehensive and I think both sides are going to be very impressed with the result.

A lot of goodwill went into this, a lot of work, a lot of preparation. I want to thank everybody on both sides, Secretary Pompeo and all of his counterparts.

They were absolutely fantastic.

And I would actually say that it worked out for both of us far better than anybody could have expected.

I think far better, I watched the various news reports. I would say far better than anybody even predicted.

And this is going to lead to more and more and more and it's an honor to be with you. Very great honor. Thank you. Thank you to all of your representatives very much.

Mr. Kim, would you like to come and watch us?

Thank you. Thank you everybody.

So Nick, what are you thinking as this deal is being struck between the President of the United States and the leader of North Korea? What's your initial read on it?

Well, I think our President got hoodwinked.

Nick Kristoff is a columnist for the times.

I mean, it's not really a deal. It's a piece of paper that aspires to a deal. But it looks like we gave up a fair amount just to get that piece of paper in North Korea didn't really supply anything.

And why do you say that? What did both sides agree to it? What did they really give up?

Chairman Kim and I just signed a joint statement in which he reaffirmed his unwavering commitment to complete denuclearization of the Korean Peninsula.

In North Korea, reaffirmed its commitment to denuclearize the Korean Peninsula.

Chairman Kim has told me that North Korea is already destroying a major missile engine testing site.

The U.S. provided security guarantees to North Korea. We will be stopping the war games, which will save us a tremendous amount of money.

And also to halt what President Trump called war games, essentially military exercises in the area.

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