david sydney, welcome to the program. first up at. thank you. good, president biden doubling down on how he's acted, but he's just putting a positive spin on a bad situation. his knee he is working hard to do so. the american people, according to polls are very disappointed in president button. this comes at a bad time for him as he is pushing for a major domestic spending initiative and preparing for bi election in the midterm elections next year. president by didn't want this disaster, he had hoped to that everybody would ignore it. when they didn't, he had to move quickly and, and flexibly to try and make up for lost ground. whether that's going to work or not, it's still to be seen is not so much. it was the only withdrawal, is it? but it's just a matter of departure which is led to this. chaos isn't it? it's a matter of departure, the very clear lack of planning. and in many cases, the lack of empathy, the lack of understanding of the suffering, of the many people, the many thousands, tens of thousands, hundreds of thousands of people who b

david: garfield reynolds their joining us from sydney. rishaad: let's learn -- moved to the first word headlines. present abided saying the u.s. is on pace to complete the evacuation and afghanistan by the 21st of august despite what he described as a tenuous situation there. siding a g7 call to extend the deadline for troops to remain in the taliban-controlled nation. he warned there is a serious risk of a situation breakdown in the country in the world will. the taliban by their actions. the white house says vice president harris will again --on her visit to vietnam. [indiscernible] the departure from singapore was delayed due to a state department called anonymous -- anomalous health incident. house lawmakers voting to adopt president biden's $3.5 trillion economic blueprint. nancy and moderate democrats striking a deal. it moves through reconciliation process which the house and senate will vote on on a separate $550 infrastructure built to follow on september 22. some of the first word headlines. david: an update on the markets here.

sydney with square buying them for $29 billion u.s. david: simple story to the market. we were ok before the chinese markets opened and then after that we are not. yvonne: pretty much the way to sum it up. david: chinese 10 year, bond futures that 110.60, last i checked. yvonne: it is much of the same story. you still have regulatory concerns. at this time it is more about the pmi we saw, now these covid cases flaring up in the mainland. david: we are starting to see that play out across some tourism-related stocks. it is the same trade we saw. rishaad: is it indicative of perhaps thinking of policies or a flight to safety? david: i would even go one step further. we got quite a firm message last week. if you look at the language. i will join you guys are some of it. our viewers can hear that. according to ubs, that tightening cycle is over. you look at the messaging and the language, you compare this. the pboc saying cross cyclical, now looking beyond what is currently happening in the markets. chinese markets are dragging. i don't think you can see that quite clearly.

sydney. >> the drummer for the rolling stones, charlie watts, has died at the age of 80. he passed away peacefully in a london hospital, surrounded by his family. davidk back at his life. >> i don't play for me, i play for them. >> charlie watts. cool, calm, distinctly dapper. the steady backbeat of the rolling stones. he was always a reluctant rock star and he loved the drums. >> cannot play the drums at home . to play them i have to go on the road. to go on the road, i have to leave. it's a terribly vicious circle that has always been my life. >> he was not expecting his evening sideline with the rolling stones to make him famous. >> i'd like to play little number. i'm all right. >> he liked antique silver and classic cars, even though he didn't drive. but his real passion was jazz. in between touring, he could afford his own big band. even the sensible stone had his moments. he knew he had a drug problem and keith richards took him aside one day and gave him a talking to. married for more than 50 years, he was always happiest at home with his dogs. his place in music history is on stage, keeping it together with the world's greatest rock 'n' roll

haidi: david wong, great to have you with us, alliancebernstein senior investment strategist. let's have a look at what we're watching in the sydneyresorts reacting pretty negatively. down 0.5% not just on the full-year loss reported of $61.6 million, the net loss, but also the casino considering that it would expect significant civil penalties to be imposed, saying it is likely that the financial crimes regulators will begin proceedings against crown in melbourne. we are also watching fortescue metals, the world's number for iron ore exporter. seeing profits search to a record on the back of robust iron ore prices. we will be speaking to the ceo, elizabeth gains, joining us to talk through the latest results. but he is her outlook when it comes to demand out of china as the government looks to r ein in steel production there. let's get to new york where vonnie quinn has our first word headlines. vonnie: hurricane ida barrel into the louisiana coast sunday, making landfall as a catastrophic category four hurricane. it's storm surge threatens to inundate new orleans with mass flooding, testing its levee systems. utility outage trac

david when it comes to the nikkei underperformance. haidi: let's take a look at how things are faring when it comes to be start of trading in sydney.eing a bit of a move when it comes to the bond markets, playing follow the luger in treasury markets overnight getting some commentary from bank of america, really saying it is very interesting we are seeing the delta variant take hold despite the rba still being expected to begin tapering sooner rather than later. aussie rates have still outperformed. we are seeing upside about 10%. aussie dollar holding at about 73 u.s. inflation expectations and focus there -- in focus there. our next guest, and we bid goodbye to our very own david ingles. our next guest is with us. he sees taiwan and south korea maintaining good signs, and we will get to him now. andrew ferris. why these markets, and where? andrew: it's a mixture a very good mike rock in amaq's -- microeconomics. the trend is very good. in terms of your to date terms, gdp growth in both cases has been inching up very strongly. pmi has been ok. valuations are not necessarily very good. when you take everything together and shake it