the sector everybody focuses on, which is important to bhp, is the property sector. sales have been strong. new starts are lagging. what we're really keeping an eye on is how quickly some stimulus measures the government has put in place translate into to improve confidence. not yet quite seeing that pull through. if we tart to see that pick up, we would expect growth momentum to increase over the remainder of this calendar year. strong growth into 2024. if that building of confidence lags, and it could take a little longer. >> we also discussed the broader outlook for the global economy, the role of nickel and copper will play in the energy transition and how the uaw strike could impact demand for some of those commodities that bhp produces. we'll have more from that interview today beginning at 4:00 p.m. eastern on my show "closing bell overtime" so tune in. >> commodities are such an important tell right now, all around the world. >> so key. >> looking forward to that. >>> let's get a news update with. that stevens. >> carl, people who live in the wildfire devasta

bhp, down more than 1% so far.ing through cutting their recommendation to market perform from outperform, given expectations that iron ore prices are going to drop and be detrimental to miners. that as a group of stocks that is very reliant on what happens in the chinese economy. and he moves around the property sector and evergrande is in focus as well. haidi: shery: we are watching those development's across the country. standard charter will tell us how india's inclusion in the em bond index oil dropped to 25 billion dollars from global investors by early 2025. this is bloomberg. ♪ fabulous surroundings... but everyone's looking at their phones for financial insights from merrill. is he hailing a ride to the concert hall? no. he's making sure his portfolio and retirement plans work in harmony. they want to adopt a child and build a new home. so they're talking numbers with their merrill adviser. she's not researching her next role. she's learning how to handle market ups and downs without the drama. personalized

. >> bhp or rio. >> oil prices started to rally. not like china's been given that strong of a shot in the arm, but -- >> if china shows a little bit of life, that could a lot in terms of multiple. >> for commodities i tend to agree spot on in term of precious metal companies. the dollar challenged that there, but fundamentally that's where i'd like to be. banks not sure if yield is going higher or credit going wider. i would expect credit going higher given what we've seen in rates. that spread remained tight, and i'm not sure why. >> steve, would you dare to bottom fish an area that the chart master says not to bottom fish? zblinchts. >> no, i trust the chart master on that. >> you're the only one here. >> on the premise that he's making. but you know, there are so many correlations. carter likes to talk about correlations. when you look at gold, i can't help but look at bitcoin. can't help but look at crypto. then when you look at gold, do you do the miners or the commodity? and i think that we've talked the about this long enough

we were installing the backbone and technology for companies like bhp.elievable great people in the oil and gas space. several years later on, after having a great team of data scientists, and everybody else were able to integrate rules, regulations, and things for the colorado rules that were just very stagnant and integrating oil and gas operators from data from the field to their accounting and then onto their investors. that natural flow this right on in. when you sit back and take a look at industry thought leader, we picked that up and drop it over to the other markets. my partner and i looked at each other, michael tanner, and got we have to do our own podcasts. it was accepted. host: rey, you host the crude truth. tell us about your background in energy sector and how that informs where you are and your views on energy policy. guest: ok. thank you for having us on and for everyone listening and watching. i am the director of operations for -- out of fort worth texas, and i'm proud to say i'm second-generation oil. i would for that company and reg

we were installing the backbone and technology for companies like bhp.elievable great people in the oil and gas space. several years later on, after having a great team of data scientists, and everybody else were able to integrate rules, regulations, and things for the colorado rules that were just very stagnant and integrating oil and gas operators from data from the field to their accounting and then onto their investors. that natural flow this right on in. when you sit back and take a look at industry thought leader, we picked that up and drop it over to the other markets. my partner and i looked at each other, michael tanner, and got we have to do our own podcasts. it was accepted. host: rey, you host the crude truth. tell us about your background in energy sector and how that informs where you are and your views on energy policy. guest: ok. thank you for having us on and for everyone listening and watching. i am the director of operations for -- out of fort worth texas, and i'm proud to say i'm second-generation oil. i would for that company and reg