this is the theme in mumbai. this suggests we will be building on what we have right now with the regards to this. they are red-hot at the moment. we have very little market breath. let's get more with what is going on next. thank you for joining us. a lot of interest coming in for india. we have a flyer of a market there. what is behind it? one thing that is concerning is the market does not have that much wrath. -- brights -- breadth. >> if you look at the last seven or eight years, the market earnings -- the expectation is moving into an area where they could be 35% for a few years. some of the private banks and we are seeing that commodity cycle and the capital formation. the positiveness is all around that. there are exporters of software. we are seeing this globally because of digitalization. these are the two big things playing out. that is what you're looking at. buying in these areas. the market is flying but in particular areas, not across the board. >> how much of it is coming from interest from abroad

the carrier serves delhi and mumbai carriers. fly mumbai has suspended splits flights to kabul >>> nancy pelosi is pushing the $1 trillion infrastructure plan to the $3.5 trillion spending package in a bid to navigate the democratic party ideological divide on the matter pelosi wrote she asked the house rules committee to look at rules that advance both pieces of legislation. some house members have said they won't consider voting for the budget resolution until the infrastructure bill is approved. progressives will not sign off on the infrastructure bill until the spending bill gets approved. you see the dynamic developing. >>> the department of homeland security is reportedly considering hiring private companies to analyze social media for warning signs of extremist threats following the january 6th attack speaking to a top dhs official, the effort involves large amounts of internet traffic to find leads on potential developing attacks the journal says it is under discussion and not received approval or any funding. >>> back to

a renowned indian actor for playing villains in bollywood films has died in mumbai at the age of 63. he was admitted to hospital last week with a kidney infection. he was a very familiarface on tv, appearing in films including bandit queen, and the oscar—winning slumdog millionaire. just a tad, you can get in touch with me most of the team on twitter. you watching bbc news. hello. some of you have been able to stay dry, some of you have had a month's worth of rainfall. some good news ahead, fewer showers around, it should turn warmer, temperatures close to where they should be. to get there we need to get rid of this area of low pressure that has been with us for days. with us today, we have outbreaks of rain, some thunderstorms around from that, warm weather system in the southeast with the heaviest of the rain. some clear skies, temperatures dropping back into single figures, but most with temperatures around the low teens to start the day. showers on monday morning across parts of southern scotland and northern ireland, brightening through the day, heaviest of the showers across

tom: in mumbai, our team is working on afghanistan stuff thomas barfield will join us in a bit step emily wilkins joins us right now. let's talk about the body language in washington today. i find it fascinating, the relative silence of the hill step will that silence be broken today? >> i think that's absolutely something here very much looking for today. we have already seen silence be broken with numerous statements committed including from house speaker nancy pelosi and republican house leader kevin mccarthy, republican senate leader mitch mcconnell. you are seeing then come out and talk about what is going on in afghanistan in regard to kabul. to see a bit of a partisan split and how they are talking about things that you are hearing late last night, house intelligence chairman adam schiff says he will hold a briefing on afghanistan to determine what the role of congress is and what their next steps might be and we will pay close intent -- close attention when joe biden later today. tom: i looked at kansas in the redistricting year of two senators and four congress types. as what we

juliette: plus we are coming down to the open of equities trade in mumbai and considering the impacts of the country's monsoon rain falls, currently around 8% lower than usual. we will speak with the barclays chief india economist. this is bloomberg. ♪ rishaad: your back with bloomberg. analysis shows that president xi jinping's rhetoric about common prosperity search this year. it is being seen as a signal to the commitment to close the wealth gap and tackling what is called unreasonable incomes. the china government reporter is in beijing. what did we glean from this data, lucille? reporter: we looked at president xi's speeches as well as his meetings from 2012 fully first came to power. we saw that his mentions of common prosperity were quite sporadic during his first eight years of power and then we saw an uptick last year and this year there is really been a surge, certainly signaling a change in priority. and we also saw that when china talks about this shape as income distribution, use to really talk about the lower end and middle end and middle and and now it is really hitti

mumbai in india is one of the largest centres of film production in the world, but like everywhere else, the pandemic brought the industry to a dramatic halt. now a new movie, bellbottom, will become the first big budget bollywood movie to get a global release since the pandemic took hold. the release had to be postponed twice because of covid and cinemas in bollywood's home region of maharashtra, which contributes a third of local box office takings, are still closed. elsewhere in india many theatres are operating at half capacity. so why release it now? joining me now is deepshikha deshmukh, producer, pooja entertainment. great to have you on the programme. so why are you going for it, despite all the challenges?- for it, despite all the challenges? for it, despite all the challenues? ., ~' ., ~' challenges? you know, i think cinema on _ challenges? you know, i think cinema on the _ challenges? you know, i think cinema on the whole - challenges? you know, i think cinema on the whole has - cinema on the whole has suffered so much globally. the industry has enormously suffered. we were

juliette: we are counting down as well to the mumbai open. narrowing markets, and that is raising some red flags to some investors. sophie: that's right. citi is cautious on this company. seeing an upside to their september 2022 target for the nifty. analysts have put allocations towards a defensive tilt, even as they do struggle with high valuations for such plays. they are seen as having better risk dynamics as well as industrials. citi has reviewed their underweight position on autos. rishaad: sophie kamaruddin, thanks. let's go to the chinese market. we have a move to the upside, perhaps peering some of the gains. 1% up on the csi 300. concerns over the delta variant of covid-19. some of those concerns being allayed. we have tech stocks in china also moving to the upside. let's have a look at the stock rally. you can see where we're, currently, the position for chinese equities as we head over for the lunch break in shanghai and shenzhen. a lot going on. central banks also in play. this is bloomberg. juliette: you "bloomberg markets: asia

indian ride-hailing start up a lot is said to have picked citigroup and morgan stanley to manage its mumbai ipo. giving the company evaluation of more than $8 million. there joining a strong pipeline of indian startups including the digital payments company atm and flip cart. coming up, the long-awaited trial of elizabeth holmes gets underway this week. what we can expect in that case, which stands out as one of the biggest scandals in recent silicon valley history. the thriller candy man reached the top of the u.s. box office over the weekend. candyman premiered exclusively in theaters. the release was delayed three times but it was worth the wait making $22.4 million in the u.s. and canada, above estimates. this is bloomberg. ♪ emily: jury selection will get underway in a legal case that has transfixed silicon valley and beyond. elizabeth holmes is charged with defrauding investors and patients of her blood testing start up theranos. it turned out to be too good to be true. we are joined by jewel rosenblatt. jury selection is underway. we are learning more about elizabeth holmes' planne

. >> [speaking foreign language] ♪ >> what we are seeing is a very disturbing trend where -- mumbai's middle-class is bearing the brunt of what happened last year. middle class families who, many of them lost jobs last year and had assumptions that they would find another one in the next 6-8 months, which clearly did not happen. yvonne: our next guest recently conducted an extensive study on the employment situation in india and there are some alarming numbers. joining us is an associate professor of economics. joining the -- thank you so much for joining us. you just heard that little snippet of what we have been hearing on the ground from people suffering from the second wave of this virus in india. first of all, tell us from your research, how bad is it right now? >> thank you. yes, the situation is bad, because we have had two extensive lockdowns. one in 2020, april and may, and in 2021, may and june. most of our work is about 2020 data that takes us all the way to the most recent lockdowns. we know that even in the 2020 lockdown, we had hundreds of millions of people who were pus

sources say the india's ride-hailing startup ola has listed banks for a mumbai ipo. it is backed by softbank. the list include arrays of $1 billion and evaluation of $8 billion. ola could file as soon as october. billionaire john paulson - -who bet against the u.s. harking housing market is turning against crypto. in an exclusive interview, the hedge fund manager said why he thinks digital currencies are worthless. >> i would say that cryptocurrencies are a bubble. i would describe cryptocurrencies as a limited supply of nothing. haidi: he is increasing the concern about rising prices. we did not quiet get what his next -- quite get what his next big bet could be, matching his latest success. it does not seem to be on crypto. kathleen: it could be generational. mary merry soccer, tennis open gym said she got interested in come to currency because of her twitter feed. daybreak asia is next. this is bloomberg. ♪ introducing xfinity rewards. our very own way of thanking you just for being with us. enjoy rewards like movie night specials. xfinity mobile benefits. ...an

rishaad: we are approaching the start of the trading day in mumbai. -- 10% less than normal so far this year. how will that affect the harvest? haslinda: plus, guest is joining us from perth to discuss the latest earnings. this is bloomberg. ♪ >> the attacks we saw or just the beginning of a wave of attacks. >> the president relies on the advice of his military commanders, and they continue to believe that it is essential to get out by the 31st. that is their advice. >> by, that definition, we can still get out by the 31st if we were going to define our objective to, then of course, the 31st was going to be insufficient. >> there is no quick fix, and despite what president biden says, there is nothing the americans can do. rishaad: earlier guests on the attack in afghanistan. before we get to the reaction, breaking news out of malaysia, it is bringing back -- as the finance minister. and also the defense minister. these are the new appointments with the new cabinet in place. we heard earlier from the prime minister saying that he has received the king's consent on the cabinet list, an

we seen hotels attack, look what happened in mumbai, where they attacked multiple locations in a complex attack. these attacks have been happening. one of the problems i have with the , again, successive administrations down playing al qaeda' presence in afghanistan is that it gives it a false sense of security. the businesses, people listen to the american government, the american intelligence community, and when they're down playing threats look at president obama in 2013 when he called the islamic state the jv team and that they weren't a threat to the international community. they were only concerned about waging local jihad. it's these types of assessments given in order to justify policies of withdraw to end the so-called endless wars. look we can end our involvement in these wars but the enemy gets a vote and is going to wage an endless jihad against us and i think the businesses are soft targets. they need to take these threats seriously. liz: unfortunately, you are 100% correct. bill roggio, thank you very much good to see you thanks for the clarifications and information. golia

yogita limaye is following events from mumbai in india now that the deadline for us troops to pull out has been confirmed by president biden, what difference does that make to the moat and the intensity of the operations at airport? intensity of the operations at airort? .. ., ., intensity of the operations at airort? . ., , . airport? evacuation efforts have been stepped — airport? evacuation efforts have been stepped up _ airport? evacuation efforts have been stepped up but _ airport? evacuation efforts have been stepped up but there - airport? evacuation efforts have been stepped up but there are l airport? evacuation efforts have i been stepped up but there are real fears that not everyone will make it out before the 31st of august. last evening when the taliban had a press conference, during that, they said that they did not want afghan nationals to leave. they were asking the us to stop encouraging that. in the us to stop encouraging that. in the hours since then, i have spoken to people who are involved in efforts to evacuate citizens from afghanistan, one group i know was stu

let's cross live to mumbai — and speak to the bbc�*s yogita limaye. the evacuation by air is closing but ljy the evacuation by air is closing but by land it is not. we the evacuation by air is closing but by land it is not.— the evacuation by air is closing but by land it is not. we know there are --eole by land it is not. we know there are people crossing _ by land it is not. we know there are people crossing into _ by land it is not. we know there are people crossing into pakistan - by land it is not. we know there are people crossing into pakistan every| people crossing into pakistan every day from a border in southern afghanistan, and they are crossing over to pakistan. the bbc has spoken to some of the people and one woman said herfamily has been separated, her son who used to work for a british organisation is left behind in kabul, hoping to get out from there, she and the rest of her family have crossed over to pakistan, they do not know when they will see her son again. people who had left everything behind crossing overin had left everythin

versus say the offering could include both new and existing shares targeting a mumbai listing be or march next year. only fans reversed the decision to ban sexually explicit material after uproar from creators and sex workers who rely on the plan for income. last week, it said it would ban exquisite content, a decision forced in part from pressure by banking and payment services. the site tweeted it secured assurances necessary to support its content creators. delta airlines will impose a $200 monthly fine on employees who are not vaccinated against covid-19, becoming the first major u.s. company to announce such a levy. ed bastian says 75% workers were already vaccinated by increasing virus variant cases were driving the push for all employees to get shots. haidi: we will stay with aviation, watching qantas when trading kicks off in sydney in just minutes time. carrier posting a second consecutive annual loss but seem potential for international lift off. let's bring in our asia transport editor, peter. i mean, he can say when he would like to resume international operations but of cours

the sist troops they need to bring out by the 31st of august. 0ur correspondent yogita limaye is in mumbai: can you talk about the situation on the border? for those who cannot get on flights, they were told to go to the border. on flights, they were told to go to the border-— on flights, they were told to go to the border. . , ., ., ., , the border. that is not going to be an easy task- _ the border. that is not going to be an easy task. bbc _ the border. that is not going to be an easy task. bbc teams - the border. that is not going to be an easy task. bbc teams in - the border. that is not going to be i an easy task. bbc teams in pakistan have been told by officials and by eyewitnesses there is a huge crowd of people, this is in southern afghanistan near the border with pakistan. whole families, their belongings in little bags, trying to get out, people with... many people with no documentation, no travel permits. as far as we know at this border crossing, some people are getting it is not clear what criteria is being applied for allowing those people through. there are three other la

we only have to think back to 2008 with the mumbai attacks the devastating attack in india that emanated from these groups. i think they are very, very concerned about what this means. i think more broadly in the region, there are questions now about the u.s. role. the u.s. support for our key allies in the region i think the question is now, does china and russia have a bigger ability to say that they'll fill whatever security vacuum is there? so i do think there's a real question about american leadership in the broader region going forward. >> i think what sara is getting at, too, and i know she did mention you. you joined the cia shortly after 9/11 this is something you care deeply about the way that you went in and the way that now we've come out. can you speak to that? >> no, i certainly joined right after 9/11 it was an incredible period to be joining the cia the sense of mission that was there. if you would have said 20 years after 9/11 the taliban would be back in power in afghanistan, i don't think that was something at the time we could have really envisioned obviously, recent

>> if i went overseas and i have made this point to open physical branches, it can be london, mumbai or hong kong, i don't have the same scale. i have to hook into different systems, different languages, different laws and compliance. i have to build a whole infrastructure to build branches and they would be losing money for the rest of my life. by the way, why are you opening a chase account there when you have very good banks in the countries? we lose, digital changes that. once digital came out, we will test a bunch of stuff and i actually over time and we have to have the fortitude to do it over long period of time, 5 or 10 years, you know, we will build something pretty good. i may be wrong. i think we will. i also point out a lot of the thin tech guys, people like oldest son and you mentioned after pay, they have been doing that for 16 years. a lot of the folks are devoted, they are smart, they are working, they started small, they bob and weave, they react and it's not like these things are instant subbings. so we need to have that fortitude too. maria: you say you will compet

at the same time, they were chucking conservatives off the platform, the group that carried out the mumbai massacre were still operating on twitter. and now we see this ultimate betrayal. and their demonstration, really, of a completely warped value system in twitter. the taliban, the taliban, a group that gives the term medieval a bad name, the taliban is allowed to be on twitter so long as they don't get violent. this is the sickness of the twitter and other social media platforms displayed for all of us to see. a group takes over a country, they're still allowed on a platform that believes that normal conservatives thought is just too dangerous for the american public to hear. ainsley: and they hope that they don't get too violent? isn't that what they embody? we just saw this morning a woman, she didn't wear her burka, she went outside and was killed, lying in a pool of her blood with her family members and loved ones mourning over her body. that's not violence? the whole group is violent. >> exactly. what do they think the point of the taliban is if not violence? it's the only thing t

the indian actor anupam shyam, renowned for playing villains in bollywood films, has died in mumbai at the age of 63. he was admitted to hospital last week with a kidney infection. shyam was a familiar face on television and appeared in films including �*bandit queen�*, �*lagaan�* and the 0scar—winning �*slumdog millionaire�*. in a momentjane hill will be here for the bbc news at one. but first, it�*s time for a look at the weather with carol. hello again. some of us, we had some torrential downpours at the weekend. today, there are still some torrential downpours in the forecast, but as we go through the week, there will be fewer showers and it will turn a little bit but not across the board. now, the low pressure that has been driving our weather is still with us today. it is starting to ease off, though. it is starting to fill. but you can see we also have weather fronts which have been producing rain this morning. now, that rain clearing away from the south—east will leave showers behind it across england and wales. a front across scotland is also producing some s

big crowds are building up on the afghan side of the border with pakistan. 0ur correspondent in mumbai, yogita limaye, explains what's happening. bbc teams in pakistan have been told by officials and by eyewitnesses there is a huge crowd of people. this is in southern afghanistan, near the border with pakistan in an area called spin boldak. again, whole families, all of their belongings in little bags, trying to get out. many people with no documentation, with no travel permit. as far as we know, at this border crossing some people are getting through. it's not exactly clear sort of what criteria are being applied for allowing those people through. there are three other land borders with pakistan. at the moment we don't believe afghan people are being allowed through those borders, and it's also quite unclear what what the situation is at other borders with other neighbouring countries. while we are talking about people who want to leave the country, and while we are talking about foreign nationals in afghanistan, we also know, i have been speaking to people who have the required permi

it adds new guardrails so that federal agencies can't buy products made in mumbai instead of michigan. it also calls on products purchased by federal agencies to be incorporating more domestic contact. it makes the made in america director and made in america office a permanent part of the office of management and budget that will ensure that american workers an american jobs receive preference regardless of who sits in the oval office. this legislation doesn't just benefit big companies, it also calls for agencies to use the manufacturing extension partnership, which is extremely effective in michigan and across the country. that means small-and-medium sized manufacturers will have more opportunities to sell their products to the federal government and provide materials for federally funded infrastructure projects, including all those roads and bridges we'll be rebuilding. i also said of the farm bill that it has michigan on every page. i've got to say this bill comes pretty darn close. i urge my colleagues to support this legislation, to invest in america, and to finely get infrastr