Distance and fall other guidelines and regulations so thank you for your patience and following those. We have here today judge jeff sutton, he flew in last night, right through the storm, and so were grateful his flight made it here safely and were able to have this event today. Judge sutton is a judge of the u. S. Court of appeals for the six inch circuit where the served since 2003. Nominated by george w. Bush. He is a former solicitor general of ohio, hes been in private practice, has clerked for several judges, including justice ask Justice Scalia, the subject of his new book. The title of the occasion today is essentialal scalia. Were all about scalia in this chapter. Judge sutton revved hi ba from William College and law degree from the ohio state university. Chair of the federal Judicial Conference Committee on the rules of practice and procedure, appointed to that position by chief justice john roberts. He has taught constitutional law and other legal sums at a number of unive
Sutton, an honor to have him down. He flew in last night, right through the storm, and so were grateful that his flight made it here safely and that we are able to have this event today. Judge sutton is a judge of the u. S. Court of appeals for see six inch circuit where he has served since 2003. Nominate i by george w. Bush, former solicitor general of ohio, been in private practice, has clerked for several judges, including Justice Scalia, the subject of his new book. So, the occasion for todays event is the essential scalia. That is the new book that the judge suton edited with ed whelan, another friend of us who has been here some spoken to this chapter about another scalia book. So were all but scalia in this chapter. Jut sutton evidence his law degree from the ohio state university. He has served as chair of the federal judicial and Conference Committee on the rules of practice and procedures. The was appointed to that position by chief justice john roberts. He has taught constit
Decide what kind we are dealing with i wish we could say we always know how to respond but the early days of the decline, well, theyre never easy to navigate first, lets borrow a line from the fabulous Anna Karenina all happy rallies are alike. Each sell off is unhappy in its own way. Its so true bull market sent stocks higher and everyone thinks theyre a genius for participating in them big declines much harder they would be the start of a bear market or a glinch. Thats why i want to use history to try to identify some of the common qualities so you can figure out how to handle the inevitable moments of weakness without panicking. First let me offer some historically constructive words of relief, sanity and real, not phony, but real assurance. Theres only been two truly horrendous sell offs since i started investing in 1979. The one day crash of 1987 and the rolling crash of 20072009 i could have down the nasdaq crash but the s p held up well lets deal with these two big ones head on
Welcome to power lunch. Im melissa lee. Lets take a check on the markets. Out of the gate pulling stocks lower, we hit threemonth lows on the dow, as well as the s p 500. We are off session lows now. The s p higher by about 16 points from lows today. Banks gets hit hard again. Third day of lossesment this of course ased of a slew of bank easternings that start tomorrow. One bright spot in narcotics. Utilities are holding up nicely. Up by 1. 8 at this hour. Thank you very much. Welcome, everybody. Heres what else is happening right now. Worlds longest reigning king has died passing away today at the age of 88. He took power back in 1946. Amazon hiring 120,000 holiday workers this year. Thats up 20,000 from just last year. And u. S. Jobless claims now at a 43year low. The 84th straight week that claims have come in below 300,000. Got a big two hours ahead and we kick it off with this big move down in the market. Though not as far down, bob pisani, as earlier today. Weve come back. Weaker
Michigan is the biggest prize. Donald trump has a doubledigit lead, but there are signs that john kasich has been gaining ground. Bernie sanders is still doing better with younger voters. The European Union is getting a deal with turkey to stop the flow of migrants. Turkey made its most serious offer yet to stop the tide of refugees into europe. The Un Security Council sanctions were not enough for south korea. It is imposing its own penalties on north korea. South korea will present entry of any ship that has visited north korea in the past six months and his blacklisting people linked to north koreas weapons of mass destructions. Take a look at futures. Down across the board. The same concern about chinese exports. Take a look at europe. Also going to see red arrows overseas. As far as what we saw in asia overnight, we did see red arrows, except for in china. Take a look at this chart. Japanese 40year yields coming below the u. S. 2 year. You can make more money loaning to the u. S.