eunice yoon reports from beijing. >> reporter: china's finance minister, lo jiway was unexpectedly replaced and as is the case in china as to why government ministers come and go, there wasn't a lot of clarity here and that's left a lot of people wondering what it all means. some analysts and observers believe this could be a sign that the government is backtracking on economic reforms and that's because the outgoing finance minister was known to be outspoken and reform-minded and credited with furthering fiscal reforms. there's also some speculation that this decision could have been about politics and part of the president xi jinping's efforts to tighten his grip on the party, as well as the government. not a lot is known about the new finance minister, but there are some who do believe that he is closer to the president and the premier than his predecessor. the replacement of the new finance minister is part of a

eunice yoon reports tonight from beijing. >> reporter: investors in asia are worried about a rise in. protectionism and greater uncertainty. that uncertainty played itself out in the markets today, tanking the nikkei by 5%. now once the dust settled and the reality sank in that trump had won, shindo abe contacted donald trump to say congratulations and also to say he hopes that u.s./china relations would be stable. now as a message of the chinese president is telling, because if you believe the rhetoric around trump's campaign, when it comes to china, you would think that trump wants anything but that. trump had called china a currency manipulator, a cheater, that steals american jobs. he's also threatened to slap china with 45% tariffs on chinese imports. now if those policies do go through, china could face a great disruption to its relationship with a very important trading partner. on the security front, though, a different story. beijing could welcome a trump presidency, because trump's approach is isolationist. and under president obama, and his pivot to asia, the u.s. has been

for "nightly business report," i'm eunice yoon in beijing. >>> the online lending platform said nationalk of canada will buy nearly $1.5 billion worth of loans off the company's platform. that sparked optimism the company is turning itself around, following the discovery of lending improprieties. lending club also reported a narrower than expected loss and said loan volume stabilized. shares up 15% to $5.91. >>> the internet services provider win stream said it would acquire earthlink for more than $1 billion. it would increase scale and competitiveness while cutting costs. they posted quarterly profit that missed street targets. shares were off a tick, but shares of earthlink were down nearly 10%. to $5.60. >>> the factory automation systems maker, rockwell, expects to see sales rice for the first time in three years next year. in addition, the company posted profited revenue for the quarter above analysts' forecasts. shares were up better than 5% to $124.24. >>> biotech companies eye onus and biogen said their experimental drug for treating spinal muscular atrophy showed promise. the c

eunice yoon reports from china. ♪ >> reporter: far from american politics, seattle native has had tohis investment plans. a major free trade pass initiated by president obama was expected to boost his business. but with the surprise election of donald trump, that deal looks all but dead. >> all bets are off. >> reporter: the tpp or transpaciftran transpartnership. the deal has come under attack. >> we will also immediatelyst sp the transtraffic partnership. >> reporter: he has his gloves made in five countries thinks the tpp would be great for america cutting tariffs for asia and back home. >> there are 18,000 products that come out of the united states in the tpp countries. and those are going to be more or less duty free and it's an enormous golden age of opportunity for american manufacturer to ship to asia because asia has rising incomes and they want to spend. >> reporter: all of these products made here in china are headed for north america. but if the tpp passes chances are more businesses will shift to countries that have signed on to the tpp. china is a part of the tpp in fa

eunice yoon will explain. here's the electoral map. know what i deduced about democrats from this, have you seen this? >> they love waterfront property? >> they love water. i'm not sure what else this says. >> waterfront property is pretty. >> they love water. >> they like the water. great lakes, they love water. as we head to break, a quick check of the european markets. every great start-up begins with a simple idea. but with growth comes complexity. that's why so many innovators are on the ibm cloud. like refinery 29, with nearly a billion views a year. or runkeeper, a training app used by over 50 million runners. or game developers whose popularity depends on launching new updates fast. helping to keep a company's success uncomplicated - that's what the ibm cloud is built for. >>> president-elect trump sent much of his campaign hammering u.s. trade deals. his biggest target was china eunice yoon joins us from china with more. >> reporter: there is a lot of concern right now across asia that the u.s. is going to disengage. at the to

. >> eunice yoon in beijing, thank you. >>> we are watching the u.s. presidential race. we will discuss the potential ripple effect of either outcome with financial times chief foreign affairs economist gideon rackman. >>> and we have an exclusive interview with david tepper joining "squawk box" this morning at 8:00 a.m. eastern. >>> welcome back to "worldwide exchange." good morning. we'll get you up to speed on the market action. we're seeing bullish action this morning with dow futures up 236 points. the celebration in the s&p as well up 30. and the nasdaq up 78. this is triggered by the fbi confirming yesterday via another letter from james comey to congress that he sees no criminal evidence in the latest batch of e-mails. and that investigation for now is closed. you're also seeing reaction in the currency market. the dollar is stronger against major currencies like the euro, the pound and the yen. we saw the reverse last week as trump momentum soared. but the big mover is the mexican peso. dollar weaker, mexican peso stronger, nearly a 2% move higher. this has been

eunice yoon reporting from shangh shanghai.e will speak with the ceo of yum china, micky pant, who is also there, with the stock up almost 2% here in the early action. >>> when we come back, obamacare open enrollment kicking off this. premium increases and insurer exits. we'll break it down. take another look at where stocks are trading at this hour. again, it's been hard to break out of this midteen range, at least in the first horizon or t -- first hour or two of trading. we'll be back, including our interview of yum china ceo micky pant. don't go away. this is my retirement. retiring retired tires. and i never get tired of it. are you entirely prepared to retire? plan your never tiring retiring retired tires retirement with e*trade. i'm in vests and as a vested investor in vests i invest with e*trade, where investors can investigate and invest in vests... or not in vests. sign up at etrade.com and get up to six hundred dollars. want a great way to help our children thrive? then be sure to vote yes on proposition 55. prop 55

. >> eunice yoon, thank you, live from beijing. as we keep our eye, carl, on this plane. expecting president-elect donald trump to emerge from his meeting, both wives in attendance. one thing people are focused on is what president trump will do when it comes to fulfilling his promises on the campaign trail. and how much, carl, of obama's legacy he can actually roll back when it comes to issues like obamacare, dodd/frank, the iran nuclear deal. i mean, he's talked and bashed all of these things, climate change, the list goes on. >> well, on the trail of course has made promises to do a lion's share of that work on day one where he promised to begin deporting certain immigrants, reversing executive orders that a lot of republicans see as unconstitutional. not to mention the more stylistic elements of the office, how much time for instance will he spend at trump tower in new york city. which is now by the way heavily fortified with garbage trucks, with security, nypd, especially given the protests last night. we don't know how much of that is permanent and temporary. >> the