the nifty down as well. they had a public holiday. looking at what we have in terms of australian assets. the decision is coming. the 10 year yield the rba governor michelle bullet text the rain for the first meeting. yvonne: dollar-yen, getting closer to 150. we will see if we see anymore action. the 10 year yield still holdng. the aution will be one to watch at the bottom of this hour. given the tumultuous selloff that we are seen across fixed income markets are what sort of demand will we see today? that is the question. rishaad: indeed it all comes against the background o the selloff we have been seeing with the bond bears in charge. 33 minutes with regard to all of this. the bank of japan leaning towards -- leaning harder against arise in yields. taro kimura, bloomberg japan economist joins us now. what is the bank of japan doing? what do they really want here? what does a mean overall for yields? >> the bank has been clearly sending a signal that they still keep the ycc intact. they do not want to test the new ceiling of the yc

germany, support to is randy counterpart, eli cohen is, bab bulk has been visiting the southern town, a nifty nekky vault which was over run by how much medicine. so the weekend, the way she said how much is holding the whole of causes population hostage. one of the reasons for her visits is to speak with the families in german citizens who are being held captive by the isn't, isn't that us increase this? well, i wrote correspondence that tiny trema is also in that nasty vault and joins us now . a welcome, tanya. so why is atlanta babble very well, i think you said it's a, it's mainly a visit of sony doroty. she said very clearly. uh, she came here to the town and that to go to meet with their counterpart, a cooling. and they went to meet a members of the minister, probably to hear the went to a situation room and the ultimate, he and that you've got some families whose last ones are believe to be, have been taken hostage to garza. so she said herself, she was shown a video of some of what happened last, a talk today, the a talk to a guy, how about the minutes instead? and she was talking a m

the sensex and the nifty, the nifty falling 0.1% in the premarket, trading 19,481.e crossing the terminal, saying mumbai's air quality remains in a moderate category. no comment. haidi: those pictures -- yeah. anyway, we are currently continuing to fixate on the u.s. economy, how the fed reacts to that. an opinion columnist says the economy is seeing a period of greater uncertainty due to a lack of vision from the federal reserve. he spoke after jay powell cigna -- signaled the fed would hold rates steady. >> the markets are right in thinking it is the minimalist probability we get a hike in november. it is good and bad news the fed is quiet. good because they added to the instability. i was intrigued during the event yesterday at the economic club of new york when the speech was released, the 10 year went down and stayed there as chairman powell was reading the speech, then when the q&a started it got crazy. it went all the way up to 499 and then came down. right now, it is hard to strike the right balance when you talk monetary policy. it is a good thing that they

on the tech side, we talk about the magnificent seven or the nifty seven, their valuation premium over the rest of the market is not even half of what it was back in the late '90s during the tech bubble as well as the original nifty 50 period in the early '70s. so, maybe there's more room to run. obviously the a.i. story is part of that. i think one of the big questions or the hopes, if you will, for the market is that a.i. boom feeds down into the rest of the market just like the internet age in 1996 did, eventually for all companies on the planet. if we get that, we get a capex boom. that capex boom then leads to a productivity boom. a productivity boom is severely needed when demographics are so sluggish, right, because if you think about the noninflationary run rate for the economy, potential gdp, it's labor force growth plus productivity growth. we know where labor force growth is going. the great hope is productivity will get a lift from this a.i. boom that right now is only benefiting -- benefiting the mega cap growers. >> certainly a big part of the long-term bull thesis. i can

jack: is there a danger that five years you could look back and say those were the nifty 50 of our ager do you think are more enduring companies. >> way more enduring think about google $106 billion of operating cash flow and 77 billion of free cash flow that is after all the x-uppercase-letter in r&d that their spending and embedding in these companies inch tremendous value that is not reflected in the income statement, i think there is a long runway and a.i. could be very incremental and these are portfolio holds for quite a while. >> let's switch to a different part of the market, the barron's big money pull the favorite sector and the people that we surveyed was energy, you like the energy patch as well in a large evaluation there. >> that a second overweight, primarily because of the copious amounts of free cash flow that are being generated right now. >> is same logic but a different sector. different drivers. you can take the large-cap oil companies whether exxon or mobil generating free cash flow, that is after all of our expenses that they pay in x-uppercase-letter and explora

still a pretty nifty return. brought back by ray-ray joseph.to you by modelo. >> greg: it's hard to be anybody other than drake maye. just amazing. corners coverage. sees the safety get a little nosey there. throw it over the top to tez walker who's in a one-on-one situation on a big opost, and it's easy money. third and 20. you know this safeties are going to drop deep, so you go with a dagger concept. slot receiver, run it right through the middle. tez walker behind him. you hit him in stride. momentum carries him into the end zone and, drake maye continues to impress on the downfield passing attack. >> sean: tyler van dyke close to the line of scrimmage as he throws, and it's out of bounds. isaiah horton, the intended receiver. this north carolina team is really, really good. so impressed with what they've done. but i do think at the same time drake maye might not have his best stuff today. that's what's so crazy. he played well, but the first half is one he'd like to forget. >> sean: how about his family here? his dad played quarterback her

. $360.00 now the default to nifty. perfect. if i place on of to obtain a 10. 2 given that office has access to and it is obvious for the ashley, there's some type of practice on office members. you may not get the . ready ready when i'm, when i'm on stage one of the many questions that will be discussed today at the tiny house, the host. so steve and volta artistic director of the base housing, pest phone and cocoa lane, who plays the viola, seems to was with a band and it was just a tiny house. they made internationally successful musicians. ringback chat, who makes somebody say today's guest is on elena elmwood. the award winning soprano is not yet the see. the dentist already made a name for himself as an actual central form of funny and modern classical music. i see. no. okay. then yeah, then to stop students with clicking on the boss. so get one vessel and yeah, that machine that says here. it's saying it and put my side i what i can say a lot of these haven't clean one thing that helps home to see that lots of michigan, i

we are 19,000, nifty futures opening up in a couple of hours. thailand. the broad pay point -- pain point. we will talk more about that in a moment. now just a pivot away and look at the trading session in europe, it will be a big day in europe. you have the ecb decision. we are one forth into the earnings season there. as it pertains to some of the futures you have stat charts coming out the earnings. volvo. a couple of other names, nestle is coming out as well. bnp is out. just a snapshot across -- of some of the earnings coming through in europe. something to watch. futures are down as well indicating that yields are likely pushing higher. ecb, no change expected, for the first time in over a year-and-a-half. heidi takes us back to the micro -- macro. haidi: let's get more analysis on what is going on today. mark ran feel this with us and bringing in market wilson. let's start off with you. we keep getting this level, it is pass this 150 level. what are we hearing in terms of the willingness for intervention? as the goalpost shifted -- has the goalpost

it's a nifty way for bite and to deal with the opponents, lopez fun key of forever policy. he'll put them in a tight spot. you don't want to vote for you print fine, but are you ready? not going to vote for israel because make no mistake. but new generation republicans be my the crowd. they might be things popping up. so let us space, but that doesn't mean they don't have enough. the type of the conflicts america is in the state of manage, decline, and then will exacerbate if we continue to hemorrhaged ex, pay a dollar store to for a more we must have spent all for an aid for the war and ukraine and demanded all competence. and this conflict reach a peace agreement immediately. the reason we ask this multi $1000000000.00 commitment each and every year to israel's because we want israel to have a qualitative military edge over everyone. in the reason, i don't know that we need to be considered a bunch more american tax dollars. there you go, talk to the folks i get the privilege of representing across the 4th district folks . i see all over the country. they want to focus on

nifty futures flat. it is about this china data. what does that tell us about domestic demand and manufacturing? yvonne: maybe things are getting a bit more traction. we will take all the good news we can get when it comes to the macro picture in china as well. it was basically the activity data wise the 4.9% we talked about that. retail sales was a massive beat. the pain points remain the heaviest culprits, whether it is property investment. six or seven straight month of contraction. the property crisis has not let up. september was supposed to be peak season when it comes to home buying. rishaad: the country garden u.s. dollar bond payment murky. president xi jinping laid out steps to strengthen the belt and road initiative. lifting curbs on foreign manufacturing investment. >> viewing others development as a threat. taking economic interdependence as a risk. we will not make one's own life better or speed up one's development. rishaad: steve engle is there in beijing. there were references to of course to the united states. is t

nifty futures, there you go. having a look at these. various things will be on the agenda for investors. we also have reports that india will be skipping the belts and road forum. you can see there is a move downward for the dollar against the rupee. the rupee at a record low when it closed off trading. yvonne: we have been talking about the big theme, which is the middle east, and whether moves when it comes to oil markets, how sustainable are they as we wait and see if the risk becomes more of a wider conflict. we heard from the fed chief of philadelphia repeating his call to the central bank to stop raising, that small businesses in the united states are struggling to cope. >> a lot of these companies may not make it with the higher rates. it feeds back into my view that this is why we should hold rates steady. we should not be thinking about increases. rishaad: scott solomon from t. rowe price associates is visiting us here in our studios in hong kong. we have a lot of pressure taking place in commercial real estate. is at a slow gr

the nifty declined by a similar level. 30 seconds away from the start of the trading day.sion anyway. what we have is a lot to be grappling with. we are looking also at how the world cup is -- a slight digression. the escalation in the middle east is causing pessimism in the global markets. the oil price surge is the greatest danger as far as india is concerned. we have opened the cash session to the upside. how do you play this and what is the market strategy given the events taking place globally and market wise? shweta rajani is ahead of mutual funds at anand rathi wealth private wealth management. look at what is happening in the middle east and perhaps these things historically do not reverberate that long but it could be different this time and so how would that affect how you look at investment portfolios? shweta: good morning. yes, looking at what is happening in the middle east. as of now the initial indication is india -- the trade relations with these countries is less than 1%. from an economic standpoint it should not impact much. crude will be a factor that we

nifty 100 one third of 1% to the upside.arkets, earnings, oil, inflation, earnings. joining us now is varsha valecha from tamohara investment managers. good morning. where do we start? take your pick on our starting point. >> good morning. we believe we should invest in the indian markets. one has to be in the indian markets for the long-term potentially. the indian market has seen several crises. i think their well-placed with very limited downsides. we have seen gdp growth in the first quarter. the corporate earnings we're seeing right now, 250 companies have declared results and show growth of about 25%. [indiscernible] we may see merchants normalize, but we think corporate balance sheets are very strong. we are coming off a very good growth environment and robust tax collections which will protect the mac rose. this is the backdrop of the indian markets. it is a great opportunity to invest. david: let me shilling's that a little bit. a market like india, many people keep telling us it is expensive. with bond yields where

we have nifty futures on the way, just up marginally here as well. the rupee is steady, jfi off the record low for the eaker dollar today. have a and we have the rbi deciding on interest rates in 25.5 hours. they expected to keep interest rates unchanged at 5%. le's quickly have a look at what is going on elsewhere in the foreign-exchange space. we get to claudio piron, cohead of asia fx and rates strategy at bank of america securities. we are seeing a pullback for of the dollar right now, but it seems the drive as of late has been relentless. how far can they go? claudio: great question. clearly in a certain sense when we look at the so-called technical indicators in terms of the 50 day average going above the 250 day moving average, we have seen over the next 60 or 90 days, on average you could go up by 1.9%, but historically speaking, that is the average. the maximum we have seen his rallies up as much as 9%, so there is momentum behind this rally on the dollar. that said, we are starting to get finally of feedback loop in terms of rates going hig

we are looking at a premarket for the nifty up .4%. futures are higher as well.ft of data out of the country this week, which may show the economy settling into a sweet spot. bloomberg economics is expecting inflation is low and industrials to pick up, and the trade deficit to shrink. let's get more, from the deputy of head research and economist at the bank institute. ink you for joining us. a sweet spot. it seems as though the stars are aligned. what is your take? >> in the near term we are seeing inflation coming off mainly on lower prices. but, we have to see how this goes out. in the winter season. prices fall further our expectation is that inflation should fall between 2% within the second half of fy 22, in this fiscal year. there is some risk particularly with policies, the showing is down 9% year on year mainly because the monsoon -- we have seen prices go up. the government has been using stock limits both for traders as well as stocks. they have been mixing with -- over the past two months. prices are a key risk going forward. cereal prices, auto and w

futures there pointing higher, 19,000 flat on nifty features.his is bloomberg. ♪ ♪ is it possible to fall in love with your home... ...before you even step inside? ♪ discover the magnolia home james hardie collection. available now in siding colors, styles and textures. curated by joanna gaines. it's easy to get lost in investment research. introducing j.p. morgan personal advisors. hey david. connect with an advisor to create your personalized plan. let's find the right investments for your goals okay, great. j.p. morgan wealth management. was also the first time you heard of a town named dinosaur, colorado. we just got an order from dinosaur, colorado. start an easy to build, powerful website for free with a partner that always puts you first. start for free at godaddy.com yvonne: in live shot of mumbai this morning. you are watching over india-focused segment here right now and we are watching closely all things consolidation, m&a and all that, given it's the young population, rising internet penetration that is really driving india's consump

we are seeing need to -- nifty futures dishof a slight -- indicative of a slight uplift.g will be on hold when the cash market kicks off in five minutes. we are looking at the interest-rate decision coming out of the reserve bank of india and powered next guest is expecting them to keep policy at the same level and extent the pause for a longer period. let's bring in rupa rege nitsure from l&t finance. thank you for joining us. what are you looking at and no change expected. what would make them change their monetary policy right now and are they closer to perhaps pausing for a while are closer to cutting? rupa: rate reduction cycle is certainly postponed now because there has been growing concerns on the inflation front. we had extremely on even monsoon rainfall. the shock to vegetable and fruit prices make it reverse but there are components of food inflation like sugar etc.. we feel inflation will be sticky and go for a longer period of time. the government of india is focusing on inflation targeting it in a dedicated fashion and has been saying that they would like to

it does remind you, if we continue to get more and more narrow of the air of the nifty fifty which was in the late '06s and the early '70s, they tradeded at a high valition and and you could own nothing west and they underperformed. you can't type any price even for the highest call. >> what seemsto be a raktive and cheap. energy? financials. what areas, if any, in that group okay, i'd be willing to place some bets here now. >> the energy you're seeing flows out of the sector and people have effectively given up on the sector. there are a lot of businesses within the sector that have great operating leverage which just mean as oil prices go up the revenues go up. they're not spending as much as they have in pryor cycles and so you can see a bigger jump in the boost for earnings and as we roll on 2024, the sector will have the high of the earnings growth as the s&p 500. >> do you believe where they are now? >> this is too opportunity 34i69ic when we'll have a niece turn and the fore story feds erle to tell chr going to happen and margin pressures, at 12% for share, you're not price anyt

the armed ring of hamas saying they fired another airstrike with nifty missiles, towards tel aviv.israel fires its own strikes into the gaza strip. joining me on the phone, nbc's chief foreign correspondent, richard engel. richard, we are hearing over and over again how unprecedented this is. can you talk about how different this is from other brands we have seen in recent months? >> very much so. i think it is different than anything we have seen before. it is unprecedented. it is different from the kind of violence that we have seen between israelis and palestinians over the last several decades. it is important that people understand a little bit of the geography. gaza, the west bank, hamas, people don't necessarily understand where things are. it is battles like this, pursuant attacks like the one we saw hamas launch earlier this morning, it is important to stand a little bit of the geography. you have israel, the country of israel. the jewish state. 10 million people. that blends into the west bank. the palestinians who live in the west bank, it is separated from israel proper

it's called dot com, fifty nifty, poll roid, kodak. if you go back the last 50 years, the concentration in the market, the top five stocks or top ten stocks are typically 20%. right now it's 30%. that's the problem. they're still just too big. >> can you make a case that etfs changed it? >> could be. >> has to be different because of the role etfs play now? >> i talk to clients who have been perpetually understood weight market. they're constantly stuck playing chess against something they can never properly weight because their mandate doesn't allow it. we have a lot of things like that. >> carter, thank you. >>> coming up, exxon eyeing is biggest takeover since buying mobile. what it means for the energy space next. >>> speaking of deals, disney could be in talks to sell its indian streaming business. which could make disney let it go? don't no anywhere. "fast money" back in two. (sfx: stone wheel crafting) ♪ the biggest ideas inspire new ones. 30 years ago, state street created an etf that inspired the world to invest differently. i

looking at benchmarks, gains for the nifty index.with money being pulled out by foreign funds. the bond market on the back of big movement to the bond market and treasuries currently we have india 10 year yields 359 but india set to debut a 50 year bond friday with insurers expected to offer heavy demand for the offering they said for yield and for more details let's bring in our reporter. what is india's newest long bond mean for the larger market? >> good morning haslinda. it is an interesting time to be in the fixed income market in general because the 50 year is elongating the yield curve and at a time where we have news on the bond index inclusion which is bound to bring more foreign investors so it is a time where there is broad basing and deepening of the bond market which is happening. >> who are going to be the biggest buyers of the bonds? >> it has got to be the insurer companies and the pensioners. india is a remarkably young country and this will help insurers manage their books better because it will allow them to lock i

week of earnings in india will be crucial for companies that make up more than one quarter of the nifty which -- it starts with the hdfc bank reporting later today. the company is reporting earnings for the first time and it will be interesting to know what sort of demand on loan growth it gives that will be something on top of the analysts agenda. also what we have today is geo financial, another company set for its first earnings. the company was carved out of a financial business. it has a huge market valuation, among india's top 10 companies. these two earnings will be today. the rest of the week we had the entire consumption package that includes unilever and nestlÉ and india's biggest -- rishaad: we have some banks as well and what are we looking at out of them? ashutosh: yeah, part from the hdfc bank, there are a few other banks reporting and those earnings are crucial because the banks have led the recovery in the indian economy this year but analysts have started showing some delinquency rising, especially in unsecured loans. last week we had ubs downgrading the state bank of i

>> scan that qr code, read all about it and look at that price point, nice and nifty. >> by the way,fresh and new and reuse it. >> let's get to our closets. >> when it comes to traveling you want something comfy but can also wear after your trip. >> looks good, yeah. >> two-piece set is the perfect way to do that so many thing is love about it i love that you're feeling it. it feels nice and comfortable. according to the brand, it is not see-through. we love. but look at this gorgeous top. you have the crew neck which we love pair with jewelry like you have on right now then you have the long pants which are really nice. wide leg pant and elastosized waist which i appreciate dress it up or dress it down. >> it's lightweight for a plane. you don't want something that's too heavy. but this seems comfortable, seems like the right weight for a plane. >> plane or road trip. you get back to your trip, you can wear it as well. let's talk about this. we have two options for travel jackets. both stylish, both amazing start with the women's jacket which i absolutely love. it comes with a pouch

tom: you are way too young to remember nifty 50 like i am but is it the sonders 5010? it is hard to prom without the magnificent seven who represent 30% of the index right now. that is relative to less than 20% in earnings weight. earnings season will be key to see whether we narrow that gap between the cap weight and earnings weight. having a small handful of stocks dominate the s&p or nasdaq is not uncommon. it is when you have the rest of the index of dramatically underperforming, whether you look at it on a percentage of stocks above a certain moving averages or a percentage of stocks beaten the overall index for period of time. what wouldn't bother me even if we continue to see a bit of a selloff driven by some of the larger cap names as you simply start to see better participation. that was happening last october, a positive diversions because the index coming down courtesy of those big stocks putting downward pressure but you started to see much more improved participation from point down. that would be a little bit of convergence and we are not seeing that. lis

that was nifty footwork, you should be an strictly come dancing, nick eardley!ts and bobs like the national living wage going up, more —— more money for submarines, things like that, but also a lot of proper politics. —— trident submarines. the tories are trying to create wedge issues rather they can say that we have got this really strong position on net zero, or a low traffic neighbourhoods, on cars and the politics of the car, what are labour doing? and they are quite frequently throwing it back and saying, we have got a strong policy, what is keir starmer going to do? there is a peculiar thing going on that has made a few conservative slightly uncomfortable, where almost strawman arguments are being created. yesterday we had claire coutinho, the energy secretary, talking about keir starmer wanting to put a tax on meat, which isn't a labour policy, the transport secretary talking about this idea of 15 minute cities and saying people should not be charged per mile they drive which as far as we can see isn't really a policy anywhere. far as we can see isn't rea

so it's a pretty nifty situation. but look, this is corruption at an extent we have never seen in america's white house. maria: you're absolutely right. mike, the communist party connection is really concerning given the communist party of china's plans to overtake the u.s. as the number one super power and this incredibly soft approach, response from joe biden. what do they have on him? >> maria, you were talking about this yesterday with alex marlo and the latest griff they have the going on with hunter's art sale. i don't know if everybody's awear of this but hunter is a very successful artist but only since his father became president. the brazen influence peddling that joe biden has been doing since the day showed up in washington is just at another level right now and i'm shocked that congressional republicans aren't honing in on that right now because things that happened prior to him becoming president aren't necessarily impeachable. maria: let's take a short and come right back. dow industrials at the lows of