the radical hindu leader became 23 year old modi's mentor and spiritual father. de ross taught modi how to speak with a motion and persuasive force. oh, it's not a lot more. dearest instructed modi in hindus far. the political ideology of hindu nationalism formulated by vina yaktel mode, our saba car, and his successors. it's an ideology that has roots in the wounds of india's history, british colonization, but also the muslim conquests and occupations between the 10th and 15th centuries. hinder nationalism is a belated response to a phenomenon that has plagued india for a millennium, which is invasions by islamic armies from central asia. so for one millennium, india was very repeatedly vandalized, plundered by armies that came in from across the western border. a great deal of heritage of india was destroyed during those reeds, and a number of hindus were massacred and forcibly converted to islam. in the 19th century, india once again experienced humiliation and violence. this time at the hand of european colonizers no bo implemented them, was the biggest conf on who is the legacy, wh

now render modi had a mission. he believed india needed to reclaim it's pure authentic past and it's vital role in the world. india is going to reclaim how history from it's glory days went of an almost levels when there were no british. we were all him though, and be with glorious mowdy. seemed like the strong leader that was going to help make india proud to be indians again. or i have, i know really object boyd dog. they do somehow. so got all that various got rogues. okay. hi. it is, these are the in the have you been on a high just with good a false swell to pull me about the nest? what does each on the hook, if not more on achieve mowdy, took center stage in an unprecedented alliance with western states, against a common adversary. woman that we are for giving with india, because it's a counterweight to china. ha, ha, ha, ha, ha ha i for a long time, we saw india as an impoverished nation, a place where the west cent aid on the place of mahatma gandhi, where you learned how to do yoga a spiritual place. but i

they suggested to modi that they step up their military exercises in the region. prime minister modi came into power at a moment when india was ready to take that role and he has grasp it firmly and it's made a big difference. there are now military exercises between those 2 great powers, and although nobody says it clearly, it's a warning to china. america has wanted india to come out of its shell to be the leader in the region that it's starting to step up to be, to be a good partner to the west. there is something that a chinese call their chain of pearls of not quite bases, but ports where they can get material for their navy ships and for their commercial ships. and india sees this with real concern because a lot of those ports are right around their borders into bangladesh. in sri lanka, you have them doing a lot of building and pakistan. they famously now have a military base and djibouti and people in the region, especially india sees with this with trepidation. so what are they doing? understandably, they're looking for friends. modi turned to american japanese and increasin

india's prime minister manager modi -- manager modi -- nahendra modi, and others. outside, people waited for hours express condolences, but just as when he was prime minister, mr. abe's state funeral has differing opinions. >> i am paying a tribute not only for his service to the country but also the way he was killed. >> i have nothing against spending that kind of money on the country, but the money could be spent on other things, like people who are suffering where a typhoon hit. >> many protesters throughout the day, protesting the state funeral, which is usually only reserved for imperial family members. others are concerned about the 10 million pound price tag, quite the change of an outpouring of grief and sadness. the state funeral is now over, but what is being dubbed as funeral diplomacy continues for the rrent prime minister, who has taken the opportunity to hold dozens of meetings with the state leaders who attended. the event has affected his popularity. whether it was worth the cost and surrounding controversy remas to be seen. laura: resilience -- br

putin will meet today with prime minister modi from india. we will see if he gets a better reception from the indians. dani: bruce, you know you always need to get the last word. manus: she cut you off, bruce. i would never do that. dani: manus is the kind one between us. [laughter] i will embrace it. bruce einhorn there. let's talk about germany. it is going through advanced talks to take over at uniper and two other gas suppliers. let's bring in stephen stapczynski. we got on the headline coming over the bloomberg terminal, germany working on the takeover of uniper. tell us the latest on what germany is doing and the impact of it. stephen: the cost is going to be billions. and the impact, the largest impact will be on the shareholders. uniper, they are looking to take control stake over -- injecting billions to take that steak and that will also lose the shares from other folks, so they will have to be careful about it. they are also looking to take over the former gazprom unit as well as another company. i am now just seeing the rosneft ne

amy: indian prime minister narendra modi told russia president vladimir putin that "today's era is not one for war." modi's remarks at the shanghai cooperation organization summit in uzbekistan have been widely interpreted as criticism of russia's invasion of ukraine. modi's comments on friday came a -- came after chinese leader xi jinping also voiced questions and concerns to putin about the war. despite modi's comment, trade between india and russia has soared since the invasion of ukraine despite western sanctions. india now imports about 750,000 barrels of oil per day from russia. that's up from about 20,000 barrels a day a year ago. on friday, russian president vladimir putin acknowledged modi's concerns about the war. >> i know your stains on the conflict in ukraine. i know about the concerns you voice constantly. we will do everything in order to stop as soon as possible. unfortunately, the leadership of the opposing side, ukraine, as stated they refuse to hold talks and want to reach their goals militarily, or as they say, on the battlefield. amy: the united nations has announc

modi has had diplomatic issues with both china and russia. russia is a big buyer or seller of military hardware to india, but putin has been adamant about india's participation in the quad, the strategic gathering of the united states, japan, australia, and india. it will be very interesting if indeed modi has face-to-face meetings with putin and with xi jinping. yvonne: joining us from chicago, the president of the chicago council of international affairs. steve highlighted this cozy relationship between moscow and beijing. is that becoming more and liability for xi jinping, you think? >> in some ways it is. he is tied into a country that is losing a war that has started. clearly the last couple of weeks have been pretty bad for vladimir putin, and now xi jinping is going to meet with him. they were on the run for the last couple of weeks because of the ukrainian advances in the northeast. the meeting is going to be an interesting one, as you just mentioned. the partnership no limit that was signed and agreed to just prior to the war in the

modi has a meeting with putin later today. and he has to be careful not to be too chummy, no limits partnership with putin, at a time when the u.s. is trying to court india through the quad and through other engagements, as they try to wield influence in the indo pacific region against china. and modi and india have their issues with china for sure. they had border clashes as recently as 2020. india playing both sides, threading the needle if you want, a delicate balance for narendra modi and the indians. yvonne: check in the markets today, not looking good to wrap up the week. we're edging into a fifth week of declines when it comes to equities in the region. that has dragged down the likes of australia, china, nikkei all down by 1%. the dollar seems to be firmer once again. you are seeing the kind of laggards like taiwan dollar, renminbi, the peso still leading declines. we hit 7.03 at one point with the offshore rate, given what we saw with the data. seems to be at least changing the mood slightly here, pretty modest. yield

so we saw modi's message of condolence. what's been the reaction in india then tributes have been pouring in since the news came in and the news came in in india late last night, so that most of the newspapers did will catch more than just a short headline. on the news of the queen's passing, but there's a lot of stuff online and the televisions are giving a lot of coverage. a lot of the comments are coming from politicians. my local on addition, described a queen elizabeth as a person who had shown courage wisdom and faced her services to the nation. and then he had another person talking about your she's a wonderful person. she was a true friend of india. so lot of coverage on the queen's passing, jo ann denney, the queen ascended the throne. joseph the indian independence. she really was the face of the evolving relationship between india and the u. k. wasn't she in many ways a yes or been because she became a queen 5 years after india, not independence in 1947. and she came to india 11 years later. now her 1st visit was

mr modi stressed the importance of "democracy, diplomacy and dialogue". the russian leader responded that moscow was doing everything it could to bring the conflict to an end: translation: i know about your stance on the conflict in ukraine. | i know about the concerns that you voice constantly. we will do everything for it to stop as soon as possible. unfortunately, the leadership of our opponents, ukraine, has stated that they refused to hold talks and that they want to reach their goals militarily, or as they say, on the battlefield. drjenny mathers is an expert on russian politics and security at the department of international politics at aberystwyth university and joins me now from wales. thank you very much for taking the time to talk to me. what kind of influence do you think president of china and and other indian might have on vladimir putin after talking to the russian leader at the summit? unfortunately thing to be able to get him to bring an end to the war unless it is on his terms. sol think, it's interesting because russia clearly needs as

as i think you are aware, indian prime minister modi delivered a rebuke to putin. he said today's erais not an era of war and i have spoken to you on the phone about this . for his part, vladimir putin publicly acknowledged china's concerns and questions about the war in ukraine. the chinese leader delivered a rebuke in his unique chinese way when he talked about the need for russia and china to work together in an object stability into the turbulent world. at the same time challenging russia's primacy in central asia. in a very direct way. and then just last night, in response to the question so unlike ukraine us men and women would defend taiwan in the event of a chinese invasion,? yes, president biden obliged. as always the right house insisted that this didn't represent beijing policy but at the very least it was a step towards what i can call strategic disambiguation. to help us understand what all this means, the organizers of the conference have assembled the brookings all-star team. robert kagan, my immediate left, i guess stage right wills stephen and barb

he's also meeting with indian prime minister narendra modi. xi and modi have been playing a balancing act with the west and russia since the war in ukraine began. this meeting may give them a chance to find some common ground. so all eyes on how russia and china get along. but this is also a big moment for xi to grow his influence on other countries as well as back home. >>> japan's cabinet has officially decided emperor naruhito and empress massco will attend the funeral of queen elizabeth ii. the occasion will be the couple's first overseas travel since the emperor ascended t throne in2019. the sov rips rarely attend funerals, especially those abroad. the decision reflects the close relations between the two families for generations. the only precedent is when emperor attended the state funeral of belgian's king in 1993 during their reign. in london, nine bridges spanning the river thames were illuminated in purple on thursday in memory of the queen. she often wore the color in her later years. people formed a long line along the river to pa

during a televised meeting in uzbekistan, india's prime minister modi said now is not the time for war. the latest sign that russia's partners are questioning the invasion. earlier this week putin acknowledged that china's leader also had concerns. ivan watson is joining me with more. so after getting luke warm support from president xi, the meeting with modi didn't go as well as putin might have hoped? >> we did not see putin in this time where his military has just suffered some pretty serious setbacks in the ukraine war. we did not hear a resounding show of support in this military adventure from modi nor his close friend xi jinping the president of china. both of these leaders of enormous countries that with deep economic relationships with moscow are clearly concerned about conditioflict so much so putin said it himself. listen to what he said. >> translator: i know your position on the conflict in ukraine and i know about your concerns. i know that you share these concerns. and we want all of this to end as soon as possible. but the leadership of ukraine has claimed that they ref

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. ♪ >>> we are now in the closing bell market zone aerial is here, don bratton on fedex, and seema mody on ge, which is also under pressure charlie, the broader market. the dow is down 163, looks better than the lows of the day when we were down 400. it's been an ugly week down 5% on the s&p 500, 6% on the nasdaq that inflation number, hotter than expected. some areas for concern about the fed having to do even more have you recalibrated your expectations >> i would say i had to adjust them a little bit. i was surprised by that inflation number, which i thought would probably cool from where it had been the month before this is all tied together. if inflation remains high, the fed will be worse than expected. the fed caused this problem with their quantitative easing. now they have a crazy method of getting out of this problem, which is crushing the economy. that's not why we have inflation, but they're intent on doing it so we would all love for them to stop, but that's not going to happen until we get better inflation numbers. this is all tied together. then we got fedex saying today

theer are the former former soviet states, uzbekistan and here you're meeting with xi and modi. and people are either being very neutral, he didn't get anything out of president xi. and they're actually challenging. and you also had president xi decide to make his first stop outside of china, not directly to this meeting in uzbekistan, he went to kazakhstan. and the kazakhstan is the one central asia state, the biggest and the richest and stood up and the president sat there at a table next to putin an said i'm not recognizing crimea and i'm not recognizing these new break aaway republics. so putin is having a problem with his stature. and i think that what we're seeing this week is really the diminishing power of president putin play out in living color. >> thomas and beth, thank you very much. coming up a look at the staggers numbers to pull off the world's biggest security challenge. the queen's funeral. and then why is the california democratic border putting you will billboards in a bunch of red states. we'll explain. stay with us. (cecily) iphone 14 pro, on them. you shoul

it is a delicate balancing act for narendra modi. he needs russian oil and military hardware but at the same time, he is part of the quad security arrangement, india is part of the quad security arrangement with the united states, india and japan and australia and hasn't criticized india for being close to russia because they want india on the allies' side when it comes to china. india and china had a border dispute as recently as 2020. there is tension between beijing and india. it is a fascinating dynamic ident will be interesting to see what comes of that meeting between vladimir putin and narendra modi at the fto later today. shery: stephen engle, chief north asia correspondent. to get roundup of all the stories you need to know they's eight edition of "daybreak," you can customize your settings on the bloomberg gap so that you only get the news you care about. this is bloomberg. ♪ >> i am very supportive of the idea of an oil price cap in general for russian oil. we started this debate and it is very good know that the finance

the country has been stronger in the international order under the hindu hardliners prime minister in modi. but domestically the country is increasingly divided. the world of not in the 45 d, w in full life and on demand content in language courses, video and audio any time anywhere the d w media center with ah, ah, i tavares in germany is back in full swing after a.

more world news at the top of the hour of next on the w documentary on the indian leader, the render modi's global ambitions. i've written with stories that people of a world over information they provide.

of nara foreign leaders, including us, vice president, pamela harris, and indian prime minister in modi. bought an attendance cut from mister from york issued up said this in his tribute he data all night he got critical to law who could have predicted, even in the slightest that such a day would come up as i and at the law abbey, son, you will some one who needed to be kept to lie for a long time. he met a night sto, disha. the point though sick. i don't. i was convinced that you would do your best for the next 10. almost like you know, 20 years. yeah. as a compass that showed the future of japan and the world with extreme change. but not all feel that way. protest as opposed to the state funeral, marched on the streets of tokyo ahead of the ceremony. people objected to the rare honor for a number of reasons, including the hefty price tag of a little more than $11000000.00 and the family and his party, the only l. d. p is tied to a controversial charge all the unification church is alleged, assessed, and told police he killed. i'll be because those things. so let's get more context on

the country has stronger in the international order, under the hindu hard liners, prime minister in modi. but domestically the country is increasingly divided. the world of not in the 75 d, w. i'm the green. you feel worried about the planet to i'm the host of the on the green fence podcast and to me it's clear remains to join me for a deep dive into the green transformation for me, for you, for the plan with ah oh, this is the w news line from berlin, the un secretary general warrants the security council of dangerous developments in the war in ukraine, and calls for an investigation of human rights abuses. as the u. s accuses vladimir putin now showing contempt for the un charter. also on the program, russia and you.

stay tuned for our documentary series doc filled this time to render modi india's path to global power. and remember, you can always get all the latest news around the clock on our website as d, w dot com. and of course we're on social media as well. or handle as ad d w. news. i'm here until from berlin on behalf of me and the entire news team. thanks for watching. mm hm. the green and then you feel worried about the planet to i'm the old hosting, the on the green fence, both cost and to me it's clear. we need to change. join me for a deep dive into the green transformation for me, for you, for the plan.

the comment comes after prime minister modi told the russian leader that today's era is not an era of war. one was a lot of iran's president has ordered a probe into the death of a woman in police custody. masa armine was arrested on tuesday by the so called morality police over her head scarf footage from iranian police, shows her fainting and being taken to hospital authorities say her death was caused by a heart attack. britton's king charles and prince william have paid a surprise visit to the thousands of mourners hewing to see the queen lying in state. the cue in london to enter westminster hall at one point reached 24 hours long. later, the queen's grandchildren will hold a silent vigil at her coffin, lebanon is in the grip of the massive economic crisis that has prompted banks to impose draconian restrictions on withdrawals. the country's currency has lost more than 90 percent of its value on the black market in recent years, while poverty and unemployment have soared, people desperate to get hold of their savings have now taken drastic action. ah, after days of pleading for a

i'm see ma mody in for brian sullivan we did lower in yesterday's trade. right now we're indicated higher with the dow up by 61 points, nasdaq by 41 points, this after another down day for stocks yesterday that saw the nasdaq end lower for a seventh session in a row, its longest losing streak since november 2016 it's now more than 28% below its recent all-time high >>> let's take a look at what's happening in the bond market yields continued their climb higher, their highest level since mid-june, yielding about 3.31%. >>> in the oil market, it's been a volatile couple of days for crude oil falling once again brent crude at $93 and change, up slightly at this hour, natural gas down about 1.3%. >>> in crypto land we're seeing bitcoin and ether at this hour let's get a check. bitcoin bracing for another downturn, below 19,000, trading at 18807, ether, 1523, down 3% at this hour. >>> that's a look at markets, but let' let's go around the wo. some weaker than expected trade data out of china. stocks were down about 1.4%. things are just getting started in europ

thanks to a relocation project. indian prime minister miranda modi, released 8 cheetos at a wildlife sanctuary near delhi. the animals were donated from namibia and we'll spend a month in quarantine before being released into the national park. but critics of the project say that she does could struggle to adapt to their new habitat. you're watching d. w news. a reminder of our top story at this hour, the czech republic, which currently holds the e u presidency, has called for the establishment of an international tribunal for war crimes. after new mass graves were found in eastern ukraine, investigator shade there found evidence of torture among bodies being is zoomed near. the city of israel up next is doth fill iran from above in the mountains. that's after the break. don't forget you can get all the latest news and headlines on our website, d, w dot com. i'm michael ok for me and the rest of the news team here in berlin. thanks for watching. imagine so many portions of floods us her now in the world. climate change very often stores this is my plan the way from just one week how

you're up to date up next doc film looks at and to render modi's vision to make this india's century . and remember, you can get your news around the clock on our website on d, w dot com, and don't forget to follow us on our social media accounts. or handle is dw news. ben physician will be here from the top of the next hour on pablo phone alias for me and the team here in berlin. thanks for watching. take care and i'll see you very soon. with a we're interested in the global economy. our portfolio g w business beyond here's a closer look at the project. our mission to analyze the flight for market dominant . good is still the head with the w business beyond.

i'm join seema mody on "power lunch," oh, by the way, it starts right now >> yes, it does. thank you, brian "power lunch" begins now, i'm seema mody rattling everything from stocks to crypto. this hour we'll explain the fallout and have a list of defensive names that could work in this environment. and the housing trade, as rates rise, sentiments falling for the 9th month. we'll look at the beaten down builders, lenders and see if

in fact, one —— our most successful prime minister modi generation. successful prime minister modi generation-— generation. one day you will see me again, _ generation. one day you will see me again, i— generation. one day you will see me again, i am - generation. one day you will see me again, i am not- generation. one day you will i see me again, i am not written off yet~ — see me again, i am not written off yet~ he _ see me again, i am not written off yet. he has certainly written _ off yet. he has certainly written himself of his own mind, _ written himself of his own mind, but spare us. it is a very— mind, but spare us. it is a very considerable things, but you blew— very considerable things, but you blew it. you ignored the rules— you blew it. you ignored the rules and _ you blew it. you ignored the rules and the rules got you. when — rules and the rules got you. when you _ rules and the rules got you. when you say that it is a very considerable _ when you say that it is a very considerable things, - when you say that it is a very considerable things, what - when you say t

joining us are sema modi and sara epperson. how much americans are really at risk of having their power shut off? >> reporter: americans are finding it difficult to pay their energy bills due to skyrocketing electricity prices, extreme weather, about 20 million are behind on paying their bills. of those, about three million are anticipated to see their power shut off by the end of this year. that's according to data from the national energy assistance director's association and experts we spoke to, they say we could see more households go dark this month listen in. >> we expect a rising wave in the number of shutoffs and really the increase in crushing bills over the next few weeks. september tends to be the time when we see peaks in the amount of inability that people can pay their rising electricity bills and what's happening now in the united states is that we have these record heat waves which are just making people's bills explode. >> reporter: that's jean sue who you heard there along with other energy advocates they're a

thanks to a relocation project. indian prime minister miranda modi, released 8, she does add a wildlife sanctuary. near delhi. the animals were donated from namibia and we'll spend a month in quarantine before being released into the national park. but critics of the project say the cheat as could struggle to adapt to their new habitat. what you're watching d w news. a reminder of our top story ukraine's president says investigators have found evidence of torture among bodies being assumed at a mass grave. in the countries east, the side is near the city of easier which was recently recaptured from invading forces. most of the dead are believed to be civilians. up next is reporter. we meet 3, a sexual people who tell us about their lives. that's after the break. and don't forget, there is much more news information headlines on our website. d, w dot com a michael. ok for me and the rest of the team here. thanks for watching her i'm you can let i think that's hard and in the end is a me, you are not a lot us to you anymore. we will send you back her. are you familiar with this.

the common comes after prime minister modi told the russian leader that today's era is not an era of war. thousands of people are queuing in london to see the queen lying and states authorities have urged people not to travel to join the line up the way to time to enter westminster hall is now 16 hours earlier, the queen's children held a silent vigil at her coffin lebanon is in the grip of a massive economic crisis that has prompted banks to impose draconian restrictions on withdrawals. the country's currency has lost more than 90 percent of its value on the black market in recent years. while poverty and unemployment hath thoughts people desperate to get hold of their savings have now taken drastic action. oh, after days of pleading for access to his savings, hubbard, sucrose took matters into his own hands, armed with a pistol. he entered a bank in the lebanese capital of bay route and spock to stand off that would last 4 hours. but they said they don't want to pay, they don't want to pay and i'm not leaving until they do. they need to figure it out. tell the guys they don't want

. >>> good morning i'm seema mody in for brian sullivan at this hour. let's kick it off with the trading day and how it is shaping up the futures are trading slightly higher dow up 6 nasdaq up by 4 stocks putting the stop to the selling streak dow gaining 1% nasdaq jumping 2%. let's look at the bond market. the 10-year treasury yesterday was at 3.3%. we're below that at 3.25% at this hour. let's turn to the oil market we see volatility there. crude prices falling to the lowest level since russia invaded ukraine. let's look at wti crude. we are higher. $82.11 brent crude at88.16. bitcoin and eit ethereum are hir bitcoin up by 1% above $19,000 >>> around the world we go in asia ja japan's nikkei surging 2%. taking a look at early trading in europe ahead of the ecb meeting. ftse 100 up .50% france is higher by .75% sticking with europe, a rate decision on deck from the european central bank. arabile gumede is here with the big decision ahead >> reporter: we have a big decision ahead the ecb is going to set the tone on what exactly needs to be done we saw c

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that one country has done to another and thus to the international system. >> the fact that xi and modi are speaking out in their way about this is significant. i have 1,000 other questions to ask you but we don't have time for them. i want to know, i want you to come back so we can talk about pakistan and climate change and how up to the job our aid systems are in terms of the crises we face as a globe. i know you're in town for the u.n. general assembly. we thank you for taking some time out of your very busy and important schedule to share your thoughts with us. thanks for your time as always. >> great to be here. >> usaid administrator and former u.s. ambassador samantha power thanks again. >>> still ahead this hour, just how cozy is donald trump getting with the qanon crowd? scenes from a rally this weekend suggest quite cozy. >>> five years since hurricane maria hit puerto rico hurricane fiona has devastated the island with most of the island in the dark tonight. stay with us. good luck. td ameritrade, this is anna. hi anna, this position is all over the place, help! hey professor

during a televised meeting in uzbekistan, narendra modi said now is not the time for war. it is the latest sign that even nations with strong ties to moscow are questioning the invasion. earlier this week putin acknowledged that china's leader also had concerns about the war. ivan watson is joining me with more. so after getting luke warm support from president xi, the meeting with modi didn't go as well as putin might have hoped. is that fair to say? >> reporter: i think so. i think the kremlin was hoping to illustrate that vladimir putin is not as internationally isolated as some of his critics would argue at this meeting of the shanghai cooperation organization in uzbekistan. but it was clear that he didn't have some of that swagger that we associate with the russian president at this meeting. in fact, when he did sit down with the indian prime minister, he received a lecture of sorts urging him to follow a path towards peace. take a listen. >> translator: it is not an era of war and i have spoken to you many times over the phone on this issue that democracy, diplomacy

i'm join seema mody on "power lunch," oh, by the way, it starts right now >> yes, it does. thank you, brian "power lunch" begins now, i'm seema mody rattling everything from stocks to crypto. this hour we'll explain the fallout and have a list of defensive names that could work in this environment. and the housing trade, as rates rise, sentiments falling for the 9th month. we'll look at the beaten down builders, lenders and see if any are now good-byes. to brian with a quick check on markets. brian. >>> thank you very much. it's been kind of a choppy session with not a lot of big moves either way you can see the dow jones is down a whopping .06% why is anybody going to take a big position could happen tomorrow. either way the markets may be in a holding pattern ahead of the fed decision on wednesday. materials and industries are two of the best performing sectors if you want to call them that. health care and real estate among the worst. nothing is moving in that big of a way. the bond market pricing in the action the yield on the ten-year hitting 3.5% earlier in the sessio

let's dig into these numbers with seema modi and ben white, politico's chief economic correspondent. >> it shows the job market is slowing, but still remains a bright spot in the overall economy. we still see jobs grow in retail, health care, hospitality adding 31,000 jobs in the month of august. slightly slower pace than previous months, but another encouraging sign is the labor participation rate, which shows us that more people are returning to the workforce. he questioned, though, how this all impacts the fed's suspicion on raising interest rates. bank of america economists writing this morning this jobs report shows that the rise in unemployment will allow the fed to slow down the pace of rate hikes. that's probably why stocks are up today, joe. >> so, ben, what do you see in this report? does it mean the hottest job market we've seen in decades has hit its peak? >> it probably has hit its peak, and that's not necessarily a bad thing as seema very well laid out there. what the fed is looking for is a slightly cooler jobs market down from 500,000 to 300,000 or so right in the swe

only salesforce down more over that time among the dow stocks and seema mody now on 3m >> so, tyler, as the dollar strengthens, we've seen the broader industrial sector come under pressure airlines are down on the week as well as oil prices remain a bit volatile so you can see here, delta, american down 3% to 5% but as you mentioned one of the key laggards in the industrial space is 3m hinting at future job losses in a memo to employees earlier this week and also dealing with the setback in the litigation with the bankruptcy court declining chapter 11 protections with 3m and those two factors are weighing on the stock and just to put things into% pktsive and it's on pace for the longest weekly losing streak since june and hitting its lowest levels since march 2020 trading at 122 a share, guys. back to you. >> seema, thank you for bringing that to us >> you have all of the major indices and the dow jones off by more than half a percent you have the s&p down.75%. still to come. kathie woods top holding and a lot of the investors seem to be ditching the growth veorinsts fund would you d

modi stressing the importance of diplomacy and dialogue. the russian leader responded that moscow is doing everything it can to bring conflict to an end. >> i know about your stance on the conflict in ukraine. i know about the concerns. we will do everything for it to stop as soon as possible. unfortunately, the leadership of our opponent has stated they refuse to talk, and they want to reach their goals militarily, or as they say, on the battlefield. anchor: other stories making the news. officials from tajikistan and kyrgyzstan have blamed each other for clashes on the border that left around 30 dead or injured. both accused each other of using heavy weaponry to shell homes and infrastructure. at least 10 people have died in italy after flooding in a central region. search operations are underway for poor pple still missing. about 40 centimeters of rain fell in three hours, a third of the rainfall they usually receive in a year. emergency teams in china are conducting -- are attacking a fire in a skyscraper. the fire took hold of the buil

plus we've got seema mody on industrials and jim la camp on the market rally we'll kick it off right there. we are looking at session highs right now. look at the nasdaq, it is really zooming forward, up more than 2.2% nasdaq 100 up 2.3% the dow at 442 points higher mike, is this the market fighting the fed again >> you know, it's the market at least expressing that it believes it's in tune with where the fed has to go. there's definitely an element in here of expectation that inflation is going to become friendlier and give the fed a little bit of maneuvering room next week perhaps when we get the cpi data i don't think it's fighting the fed. all this hawkish talk we got this week didn't sound particularly new another element of it, you mentioned the dollar coming in, yields have not raced to new highs, that's helped out and the big companies that are out there talking at the investment conferences, there's been no real scary message i don't feel as if you had a reason to believe fundamentally that this week was treacherous as we already did unwind after the rally that was off the j