. >> you know that tata motors, obviously you know. >> take for a moment what he is doing in india. >yes. >> charlie: developing a little sedan for $2,300. >> right, right, right. >> where do you put that in the whole equation of where the future of cars are? >> well i think it is a good idea to have affordable cars. >> you know, i think the problem with something like nana, tata, not a problem i think it is a great idea, a and he is a gentleman and a scholar. >> charlie: all of those i agree with. it is hard no to. >> yes. exactly. i think what as we look at the gasoline of the price of that rising, and i think oil -- >> and inevitable -- do you have some assumptions in your own calculations as to where oil will level off? >> i think it will exceed the numbers we have seen last year. >> 144? >> oh, yeah. sure. absolutely, i think we will see it approach $200 and beyond. >> charlie: by 2010, 11, 12? something like that? >> whenever the next boom is, as i say the next boom is four years from now, it will be around that point. >> charlie: of all of your businesses, which one do you care

thank you. >>> people in india are getting keys to the tata nano.ln's money expert clark howard breaks down how that new car there may help your wallet here. >> the nano car, the world's cheapest automobile, is now in people's driveways in india. this car that you can buy in india for $2,500, that's right, a full four-door car seats four people you like, a fifth you don't, is now available and selling like crazy. and you may wonder, why am i telling you about a car that's only available in india? well, big news. this car just passed the european union's safety and crash tests which are somewhat similar to ours, and europeans are already buzzing that they're going to be able to buy a car that even with the modifications for europe will end up being somewhere around $3,500. what about us? i want you to know for us this is a clear trend that we're going to see in the next few years, cars cheaper than you ever imagined, about the price of a motorcycle. i'm clark howard. for more ways to save, go to cnn.com/clarkhoward. >> clark will teach you to save mo

. >>> on the flip side, q1 profits from india's tata steel looking to soar on reports of higher pricesnd improving demand. tune in to cnbc world to catch all the action overseas. at cnbc's asia headquarters i'm adam bakhtiar going global with your money. >>> well, high-yield bond funds have had a good month so far. 30-plus percent year returns attracting almost $15 billion in assets. has the rally begun to run too far too fast? joined by jim keegan of the ridgeworth immediate bond fund and brendan white of the touchstone high yield bond fund. gentlemen, good to have you on the program. what's your thoughts, jim? >> at this point, maria, all risky assets have run very far very fast in a short period of time and our view right now is the economy is experiencing what we consider to be transitory growth and it's all about the consumer. the consumer is the lynchpin to the u.s. economy and the global economy and we just see that there's a secular change going on in consumer spending behavior driven by four factors -- less consumption, higher savings, less leverage, more regulation, and highe

paula abdul has tweeted tata to "american idol.", wand a fair deal. now she is saying with sadness in my heart i decided not to return to idol. >> this is huge. >> she said she'll miss nurturing all of the new talent and said she's been happy to be part of a show from day one to becoming an international phenomenon. randy, simon, kara have all signed deals. >> i predicted this. >> no, you actually didn't. let's take a look. >> she wants more money. this is a negotiating tactic. she will be back, mark my words. >> i will mark your words. we'll see how this ends. >> she just wants more money. this happens a lot. >> well, i'm wrong sometimes. not very often. it's a rare thing. they had to go digging through -- >> thank you, research. you made my morning totally worthwhile. >> dig through miles of videotape just to find the one time i was wrong. >> there's still a chance. maybe it's her stoking the fire. >> if that's true then what? >> we'll replay that clip and we'll get you an ice cream cake. >> formal apology. >> no. >> as of today h

tata motors is your biggest gainer for today, at almost 6.5% gains. there are also rumors in the market that they may get the loan guarantee approved for the government for bridge loan acquisition of land rover. besides that, most of the commodity stocks have been doing very well. you've got auto ancillary stocks looking very well. the monthly sales numbers that came out for auto stocks and infillry stocks are picking up in trade amid the mid and the small caps are holding up, as well. >>> elsewhere, we are looking at euro's biggest bank, hsbc, the company could soon be one of the first foreign companies to list in shanghai. reuters says it could raise up to $7.3 billion in a shanghai ipo during the second half of next year. hsbc has yet to confirm the size and the timing of the public offering. earlier, sandy flockhart told cnbc asia continues to be a strong driver for the bank thanks to the strong regional fundamentals. >> we've always said asia will recover more quickly and i think we can see that as we see the results from around us, both from com

tata motors is notching a 6.5% gain and you have the entire sugar pack on the kind of prices forming up. the entire sugar sector is picking up very, very much. we are picking up reports that the government has indeed chosen strife arkalap to be the generic formulation of tamiflu. they haven't got an official word from the government in terms of the kind of orders that they may actually bag and what sort of price appreciation or rather margin bump up it may lead to, but the stock itself is holding up very, very strongly in trade. meantime, 161 strains have been confirmed. with that, it's back to you. >> ayesha, thank you very much. in asia, yanzhou coal has agreed to buy felix. the deal is likely to be struck below 20 aussie dollars per share and up to 20% premium to felix's trading price. shares of both companies were placed on a trading halt today. yanzhou coal traded at 12.12. this begs the question if commodity plays are still a good buy for investors. mark mobia shares his strategy. >> china alcoa and aluminum is an obvious resource pick for us. we're looking at the coal companie

tata motors and some of the other companies. 7% notch up. retail numbers come a close second. a little lackluster in trade today. the trade deficit in economic news. it has narrowed this time around on a monthly basis. that shows some relief in the markets. that has lifted sentiment. the most bullish for the year. they see it up by 17,000.. while that is happening on one side, you have the petroleum minister, who has responded on the industries gas dispute. those stocks are resistant to the new growth we've seen. it's a good market for a monday morning. back do you have. >> thank you so much, ayesha, from mumbai. >>> looking at other numbers. manufacturing activity is on a recovery mode in china. the government's official purchasing manager index rose slightly up from 53.2 in june. it rose to a 12-month high in july. up from 51.8 in june. that is the fourth consecutive month that pmi held above 50 after hovering below the key level for eight months. steve? >> thank you very much. ubs declined to comment on reports that it will not pay a fine as part of the settlement of its ta

you heard matt nesto talking about this. 9% gain this morning and chico's and tata motors hitting one-year different story, mark. >> let's look at the markets and their internals. the dow up 37 points and the nasdaq up 5.25. where is the other one, s&p is up 3.3. internally, big board, almost 3:1 winners over losers. nasdaq, not so good. 12:10, 6:5, still not bad. positive housing and consumer confidence data, what is boosting the market this market but with unemployment expected to hit double digits is the consumer out of the woods, can the economy recover with a kind of a not unhealthy but shall we sea hesitant consumer. weighing in, stephen gallagher and robert lohst. stev steven, i'll start with you, erin and i have been talking about this all morning and on previous days as well. where can we go in the economy and the markets if the consumer does not feel comfortable? >> for a few quarter, actually the economy can do pretty well on growth and it's simply that production is so significantly below consumption and we're running off inventories at an amazing rapid clip, we need to see pro

the president said to work together to solve problems because the problems we face are many as craig tata we can solve them better working together. this issue is how do we say bring innovation through broadband through the use of technology the way the government works to provide better services and create dated transparency and creates a better and more open ways of working and more open policy making? we put up the innovation gallery on the white house website to showcase platforms and we're looking for more examples also to the national team to help us identify more examples of the excellent use of broadband and government to open up the way that the government works and showcase the way we're doing everything from the projects we're spearheading and making data more open to work at making procurement more open out of the dod, the way many government agencies now have to say we have went from one at the beginning of the administration to half a dozen that use new technologies to consult employees through electronic suggestion boxes to help connect people on the ground in the instituti

. >>> people in india are getting the keys to the tata nano, the cheapest car in the world.n for the u.s. auto industry? hln money expert clark howard breaks down how this new car might help your wallet in the future. >> the nano car, the world's cheapest automobile, is now in people's driveways in india. this car that you can buy in india for $2,500 -- that's right -- a full four-door car, seats four people you like, a fifth you don't, is now available and selling like crazy. you may wonder, why am i telling you about a car that's only available in india? well, big news. this car just passed the european union safety and crash tests, which are somewhat similar to ours. and europeans are already buzzing that they're going to be able to buy a car that, even with the modifications for europe, will end up being somewhere around $3,500. this car is cheaper than you ever imagined, about the price of a motorcycle. i'm clark howard. for more ways to save, go to cnn.com/clarkhoward. >> don't miss every weekend clark howard with great consumer advice, saturdays and sundays at noon, 4