. >>> mark mobius with us, his bold global call. >>> later rockefeller's ruchir sharma says the classic stocks are a bubble. >>> dow did have early session highs, up 300-plus overall, still circulating around s&p 4k. macro touchstones like ism, a handful of retail earnings, target and so forth and lowe's, and some tech, workday and zoom and so forth. >> tesla having an analyst day on wednesday the theme continues to be how the stock market is digesting the move in the bond market, which is showing sharply higher yields on the bang of strong data today's durable goods numbers, the headline was ugly because boeing was down, it's volatile around aircraft, showed strong demand for shipments and continues higher data. cathie wood told us it's a warm january, let's see what's happening. you can't deny a fact across a number of retail sector, inflation, housing, things have looked better. >> morgan stanley pushing back a few months, the expected date of the first rate cut in their view to march of 2024 >> markets starting to price that out, too. >> the move higher in rates across the board, yo

mark mobius me up with his best ideas now.enance man the gap to getting the addition called in every would be rockstar dreams of, steve did it when he got the call from journey to replace lead singer steve perry, he swung at the pitch. here how he hit a homerun during his audition to become front man for one of the most recognized rock bands of all time. he's this week's guest on my everyone talks to this podcast it just dropped today available on google, apple music, iheartradio anywhere you get your podcast. closing bell 29 minutes away, we are coming right back. ♪ we need to show you defense stocks right now, turn your attention to lucky martin, up more than 1% right now. it's the maker of the high mobility market system monitor. president biden just announced the u.s. will send ammunition for that launcher ukraine. with got it just under 1%. boeing moving slightly lower. as you look at this, the center is want to watch as we mark one year since russia invaded ukraine. past 24 hours, to world leaders delivering two very dif

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mark mobius has comments.told us india remains on the track to government but the government needs to learn from the crisis to draw more investors. >> it's an adani problem. an incredible country, incredible prospects, high-growth, young population. i think it is just one of the particular scandals you get in capital markets and it will pass. >> where is the risk to contagion that you see? banks are saying we aren't going to accept debt or stock as collateral. is there a contagion effect? guest: banks will now be much more cautious as a result of this. that will impact some of the highly indebted companies but those companies that have strong balance sheets and low debt will do very well. there are always winners and losers in any story like this. >> how should the government be reacting? that feels like it could become increasingly critical. guest: the motive government is on the path to reform. they are going to look at this very carefully because they are quite concerned about the capital markets. in one se

liz claman will be back with legendary emerging markets investor mark mobius, the murray twins and blackrock'si-share investment strategy. don't miss it that will do it for "the claman countdown". "kudlow" -- >> welcome to a special edition of "kudlow" i'

it's interesting what you hear from international investors like mark mobius thing actually the hindenburgcould have an unintended side effect. it has given more exposure to the adani stock market and indian investors, and he's become more bullish as result, as is looking to buy infrastructure and health care stocks. haidi: the adani crisis has been a real wake-up call for est investors. just another way to look at the crisis. reporter: this is the flipside. you have the investment story, but the real issue comes to when you look at the collateral web for companies in the adani group because this presents the real headache for any investor out there. norway's largest pension fund, this is a good or dimpled -- good example. there are nobles part of the empire, -- renewables part of the empire, it could have inadvertently financed some of the world's most polluting activities by mistake. in a february public filing, it was made clear adani is using stock from companies as collateral in a could it helping to finance a big coal project in australia, the carmichael coal mine. this is a real iss

you are listening to mark mobius on the deepening crisis over at gotham adani's empire.ni has scrapped the 2.4 billion dollars equity offering as their bonds fell to record lows. on top of that, they have $34 million of coupon humans do this week. let's bring in ed ludlow. this story is really accelerated and snowballed in the last week. what are the next steps when it comes to the investor point of view? ed: the scratched fpo is the big headline and that came late wednesday. those that had pledged to participate in the fpo had started to be repaid and you are right to go to the bond story. the dollar bonds was one of the instruments that they used initially. they are at the stress levels and they have this payment coming up and there is no suggestion there would not be able to meet those payments but in the last hour, a part of the plan from adani is to prepay some margin loans where the stock was held by thanks therefore the banks released that stock and is less concerned about going forward with a margin call. it's a dynamic situation. kriti: let's broaden this out be

to look into is that india still remains very much investment focus for a lot of investors like mark mobiuse to take things in india into the broader conduct -- context. there are two steps that most foreign investors face and that's an issue that's going to crop up. there will be questions raised about transparency, corporate governance, bureaucracy. all those questions will be put forth to india. the ease of business especially and those are the questions that need to be answered and will have to be answered in the next few days especially from the adani group who have to make a concerted effort to answer these questions especially for bond investors, given that those bonds are trading at distressed levels. dani: coming into all of this, we knew that the prime minister had these ambitions to building a more self-reliant india. what does this mean for all of those? anirban: that's definitely a very typical one there. since modi came to power in 2014, adani has become the poster child of his administration especially in the private sector. be at airports, roads, the entire infrastructure ga

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mark mobius is saying i am going to continue buying up the indian benchmark instead of shying away.nabelle with the latest on adani. it's get you to vonnie quinn with the first word headlines. vonnie: china's top diplomat says beijing and the european union should prepare for a meeting of their leaders. he urged his eu counterpart to help bring bilateral exchanges back to pre-epidemic levels as soon as possible. in a meeting on the supply lines, the officials also discussed ukraine, saying china is promoting talks for a political solution. senior diplomats say international atomic monitors in iran detected iridium enriched levels just below that needed for a nuclear weapon. it is the second time this month monitors have detected suspicious activity. they say it is discussing the findings with orion and will report to its board -- with iran and will report to its board of governors as soon as propria. the u.s. held drills a day after a north korean ballistic missile test. tokyo took part in a separate exercise. pyongyang issued new warnings to the u.s. after its intercontinental ball

. >>> mark mobius with us, his bold global call. >>> later rockefeller's ruchir sharma says the classicle. >>> dow did have early session highs, up 300-plus