We start with the big issue, dalios warning resonating from davos to new york. A 1 rise in bond yields will produce the largest bear market we have seen since the 19801981 period. Are we in it . There will be a time of the bank of japan and ecb begin tightening. That will be the time when bond yields increase. I dont see that now, unless im wrong on inflation. I dont believe the Federal Reserve will tighten before suggested. I dont think the bear market is starting. Since 1990 we had many, many predictions but it has not happened. Lisa joining me in new york is Subadra Rajappa, and rachel , and coming to us from london is Luke Hickmore. I want to start with you, subadra. Forthe selloff just begun, is this the extent of it and will people pile back in . Subadra thats a good question. I think there is still more room for bonds the selloff from here. They seem to be pricing higher over the last in the last few months. I think we could probably go a little higher. It depends on where the f
Reporters he is open to a pathway to citizenship for the socalled dreamers. Return . L it cost him in the white house is set to release their immigration plan on monday. If itats must decide is something they can live with. Let me start with immigration. Do you agree President Trump is softening his tone . Sen cardin i think the president has made things more difficult. He started by creating this prices crisis by putting the state of the dreamers last september that require deportation in march. Now he is saying we will give them a pathway to citizenship, but the price is radical changes in the immigration policies. That will be very difficult to get through congress. We have a Bipartisan Group working in the u. S. Senate, a large number of us. I think we have a good chance of coming up with a bipartisan proposal. I would hope the president would allow us to work in the u. S. Senate. That is what he asked us to do. Without setting parameters and making it difficult for us to do our wo