Is to take an oath to preserve, protect and defend the constitution of the United States. In our country we have free and Fair Elections and a peaceful transfer of power. That is one of the great hallmarks of american democracy. Liz remember when Hillary Clinton said its horrifying for donald trump to even think about rejecting the president ial he selection results. Vice President Joe Biden agreed. But days before donald trump is sworn in the boycott of the inauguration is growing. Last count more than 65 lawmakers reef fuse to receive the results of Americas Free and fair election. They are basically turning their backs on the will of the voters who put trump in office. They are rocking the durability of the image to the world of how this government works. And some are arguing in the media, they are turning their backs on the office of the presidency itself. Edge u. S. Secretary of state john kerry will not attend. A third of democrats skipping trumptrumps inauguration. Here are the
Risks. Xi jinping isdent firmly in control, the message. Haidi a rate rise seems all but week, janet yellen warning danger if the fed acts too late. Risk aversion in this first trading session in asia. 30 minutes away from the open in china and hong kong. Looking at how those markets are digesting policy announcements from the npc. Rishaad the first time asia has had a chance to react to what janet yellen is saying. Sophie kamaruddin is having a look at the movers. Sophie quite a bit today. Korean stocks, the rosalind the kospi falling, Consumer Services falling over 1. 6 . A number of players falling today. Rising upperks are 1 . The kospi is asias worstperforming index and asia this year, falling nearly 5 . Hanjin we do havehanjin shipping on the decline over 21 . Hanjin shippings u. S. Creditors sellin given the nod to stateside containers. The judge overseeing the hearing rejected hanjins claim that it still had equity in the containers. In tokyo, the nikkei 225 slipping as the yen
Look at the tenyear reaction. All of this on the eve of the big fed decision. Joining us is the chief executive officer for blackrock global fixed income. I know everybody wants to blame it on the brexit,ry, but the reality is the yield on the german bouund has been falling r 30 years so what does it tell you when the bonds of one of the biggest economies in the world are now a negative yield . So, first of all, i think youre right in terms of they have been falling for a while. Some of it is aggressive Monetary Policy and theres not enough bunds relative to what the ecb has been buying and that people use them to manage their risk and use them as hedges against credit, hedges against other sovereign risk so all of a sudden when theres a flight to quality you get the extreme moves that have created this dynamic today which, about by the way, bleeds into the u. S. Treasury market and other safe assets in the world today. Lets say its only the ecb or primarily the European Central bank d
President Dennis Lockhart live in studio on the cha could that be a clinton coronation . Not if Bernie Sanders has anything to do with it. Hes wrapping up a News Conference just moments ago vowing to stay in the race no matter what the outcome in california. All the while, donald trump fighting off attacks from both parties now over what some say is a massive unforced error. A selfmade campaign blunder about the judge in the Trump University case. Our Political Panel reacts to trumps judgment problem as some are calling it. Former democratic governor of california gray davis along with former republican governor of virginia, george allen, both live on what all of this means. Plus, well tell you exactly where Tropical Storm colin is right now and where its heading. The winking whos twins make a megamove, and charlie is about to break big news on the battle for viacom. Were less than an hour to the closing bell, lets start the countdown. Liz breaking news, the s p and the nasdaq have bot
And welcome to power lunch. Im melissa lee. Heres what else is happening at this hour. Stocks pushing higher with the dow and the s p 500 erasing all of septembers losses while the nasdaq on pace for a record close here. Existing home sales falling 0. 9 last month. Economists were looking for a gain. And North Carolina under a state of emergency following days of Chaotic Street protests after the Fatal Shooting of a black man by police. Weve got a live report straight ahead. But first, we got to get to Tyler Mathisen live at the iconic conference in boston. High, ty. Melissa, thank you very much. And its great to be here in boston at the iconic conference where we bring together some of the biggest business icons like todd wagner whom you just heard from on scotts show just a few moments ago. And some budding entrepreneurs, people whove either made successes out of businesses or want to. And in just a few minutes im going to talk to one very inspiring guy, Daniel Lubetzky, founder and