i want to bring in the former chair at the fdic, sheila bair. me reforms, some amendments to the reporting. did they go far must have? >> yeah. -- far enough? >> yeah. probably not. i mean, i think this has been an issue since the great financial crisis when money market fund instability created a lot of problems in the system and required government to come to the rescue. again, in 2020 the it happened again, and they had to bail them out again, is so there's a structural problem with these money market funds. they borrow short, right? we put our money in, we preponderate to be able to get that money -- expect to be able to get that money out on a daily basis, but they invest this things that don't necessarily take on value even though they want people to think that they do. this is a structural problem that the government's been struggling with, and i think these rules will help because they will require that there be more liquids assets in these money market funds. really focused on prime funds which invest in paper and those that invest in --

that's sheila bair talking about the banks. she is amplifying some of the things we've been saying for a while. none of us hopes this happens, but again, she talked about the consumer everybody wants to say they're in great shape they always spend should they be spending credit card debt is north of a trillion dollars now the warning signs are clearly there for the banks and for the economy. just the market doesn't want to listen right now. >> all right there is a lot more "fast money" to come here is what is coming up next >>> in reverse lockheed martin unable to hold on to a morning rally after a strong earnings beat so what has investors changing their minds? the details next >>> plus, the battle over tesla. bulls and bears sparring over where the ev maker is headed next everything you need to know ahead of tomorrow's big earnings report you're watching "fast money," live from the nasdaq market site in times square. in times square. we're back right after this. this infrastructure, a prime target for cyberattacks. but the sa

that's exactly what's happened but we had sheila bair on the show two nights ago, and she thought, andhappen to agree with her that there are more shoes to drop. so the question is how long can you stay with this trade until the headlines get in your way? i don't know the answer to that. it's been a pretty decent run. valuations are still compelling. i just think there is a tape bomb coming at some point, ooh, a tape bomb. >> i don't own the region analysis jp morgan is my biggest bank position by a lot. that's had a very nice run really, really good earnings bank of america was fine the earnings were fine, but this has more to run i think because it's underperformed by a fair amount so i'm hanging on the that as well i just think -- i don't know if there is another shoe to drop or not. but i still would rather be in the relative safety of the big banks is so vastly different to me it creates a different risk-reward. that's where i want to be. circumstances there value in some of the regional names that have fallen pretty far as you see deposit normalizing? >> probably. what we learned

haslinda: former fdic chair sheila bair talking about markets. india stockmarkets on a roll.ndex has hit fresh record highs on friday. strong or inflows are key reasons for the surge. let's discuss this and more with anand radhakrishnan, cio of equity india at franklin templeton. we are talking about a booming market. does it have legs? anand: as the market touches new highs people liken the situation to the previous highs when it happened in october 2021, but, clearly, the earnings have moved on. we are probably 15-20% have an earnings than when it was 1.5 year back. when market was at peak, we believe the valuations are at speak and corporate earnings have reached a new high every quarter. that seemed to support -- the markets are having good legs. another reason to believe that the markets are well supported is the breadth of earnings. the earnings are coming across multiple specters, sectors which span both consumption trends as well as -- that is another reason we remain quite optimistic on the markets. we have haslinda: we have seen foreign investors come and go. can in