david chen is a former us deputy chief emissions who don and invested us. we've here you, you things is unlike a conflict will spill beyond. so don's board is spell that in one sense the conflict is already spelled over and the neighboring country is a live hundreds of thousands of said news refuge is now residing and south to down chad in egypt and smaller numbers and other neighboring countries. so the amount of material inside of it is very much impacted the entire region. i think however, what uh alber han was referring to in terms of selling over and the future was actual military conflict. i think that is less likely that we're going to happen. yes. probably already living has happened. i don't see this in the interest of either of. ready rapids support forces or other sedan armed forces to carry the conflict outside the. ready orders of sudan and none of the neighboring country is interested in engaging in military activity involving sedan in any way. so i think that's less likely to happen. you know, as president joe biden will join that a striking

rishaad: all thanks go to loretta chen, david, thank you. we will look at the chinese president said to skip india's g20 summit, which is happening next week, we are looking at the implications of that with a former singapore diplomat, watch the fallout and we will be looking at what's at stake in singapore's first presidential election in over a decade. but first, talking investment strategy and talking about the optimistic and developed stocks. that's on the way, next. ♪ 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 advice so impressive your money never stops working for you with merrill. a bank of america company. wake up, achievers. you're making the m

david: thank you so much. lorretta chen, our bonds and loans reporter.gain will be busy this week. still with us is maybank asset management plus posco head of fixed income, rachana mehta. this could be a very short answer. are you getting any inquiries on china high-yield debt? rachana: not really because the -- remains. so we have not heard much in terms of restructuring in terms of the extreme volatility from some of these names. so we actually are underweight china property. we see some sales in september and now volatility is coming next week, so markets are expecting the moves to pick up and that is the key because in this pickup, you can see there is some bottoming out in china's property market. right now we are seeing more volatility in a lot of names on the chinese property. it has been like you need to have a real heart to get into that. yvonne:lorretta talked a little bit about this, that these companies need to have more disclosures. what do you make of the lack of transparency around the debt payments? is that only going to deter global bon

chen reports. >> reporter: business has still been pretty steady. >> yeah. it has. it's been a pleasant surprise. >> reporter: northern virginia home developer david tracy has been busy despite one of the most challenging markets in is the market locked up right now? >> yeah. i'd say just anecdotally 60%, 0% is out now. >> reporter: mortgage rates have recorded above 7% for five straight weeks. last week stalling demand to its lowest level 27 years. would-be sellers want to keep their low locked in rates living prospective buyers with few options. >> the pickings are slim, and now it's getting less and less. >> reporter: one way to increase supply, build more. with the pace of new home sales up 31.5% from a year ago. >> maybe it's a little bit more expensive on the front end, but new construction shouldn't need any new capital improvements. >> reporter: builders offering mortgage rate buy-downs are drawing in first-time buyers. >> a builder can say i will help you pay for your mortgage for the first, name the number of years, i will give you almost like a bonus incentive to buy my hose. i'll buy that mortgage interest rate down for some period of

chen shows us where buyers are turning in tonight's "money watch." >> business has still been pretty steady? >> yeah, it has. a pleasant surprise. >> reporter: northern virginia home developer david tracy has been busy. despite one of the most challenging markets in decades. is the market locked up right now? >> yeah. i'd say just anecdotally, 60%, 70% is sitting it out right i know. >> reporter: mortgage rates have hovered above 7% for five straight week, last week stalling demand for the lowest level in 27 years. would-be sellers want to keep their low locked in rates, leaving perspective buyers with few options. >> the pickings are slim, and it looks like now it's getting less and less. >> reporter: one way to increase supply, build more. with the pace of new home sales up 31.5% from a year ago. >> maybe it's a little bit more expensive on the front end, but new construction shouldn't need any new capital improvements. >> reporter: builders offering mortgage rate buydowns are also drawing in first-time buyers. >> a builder can say i will help you pay for your mortgage for the first name the number of years. i will give you almost like a bonus incentive to buy my house. i'll bu

chen shows us whee buyers are turning into nights money watch. >> reporter: business has still been pretty steady? >> it has. it's been a pleasant surprise. >> reporter: northern virginia home developer david challenging markets in decades. is the market locked up right now? >> yeah, i would say anecdotally 60%, 70% of the market is sitting it out right now. >> reporter: mortgage interest rates have hovered about 7 percent for five straight weeks. last week stalling demand to the lowest level in 27 years. would be sellers want to keep their low locked in rates, leaving prospective buyers stuck with few options. >> the pickings are slim and it looks like it's getting less and less. >> reporter: one way to increase supply, build more. but the pace of new home sales up 31.5 percent from a year ago. >> may be as a little bit more expensive on the front end, but new construction should meet any new capital improvements. >> reporter: builders offering mortgage rates buydowns are bringing in first-time buyers. >> a builder can say i will help you pay your mortgage for the first name the number of years paired i will give you almost like a bonus incentive to buy math my house. i will buy that mort

chen from td cowen. >>> up next, meredith whitney on a road map to constructive bank consolidation in the u.s. she'll join us at post 9. >>> goldman's david will sit down with david faber this thursday. 4:00 p.m. eastern time live from goldman's tech conference in san francisco. only at vanguard, you're more than just an investor, you're an owner. our financial planning tools and advice can help you prepare for today's longer retirement. hi mom. that's the value of ownership. (fan #1) there ya go! that's what i'm talkin' about! (josh allen) is this your plan to watch the game today? (hero fan) uh, yea. i have to watch my neighbors' nfl sunday ticket. (josh allen) it's not your best plan. but you know what is? myplan from verizon. switch now and they'll give you nfl sunday ticket from youtubetv, on them. (hero fan) this plan is amazing! (josh allen) another amazing plan, backing away from here very slowly. (fan #1) that was josh allen. (fan #2) mmhm. (vo) football season is here. get nfl sunday ticket from youtubetv on us. a $449 value. plus, get a free samsung galaxy z flip5. only on verizon. - "best thing i've ever done." that's what fre