That would collapse to about 15 , and ev makers would essentially be allowed to bring in 8000 vehicles of the value of over 35,000. As you said, this is conditional upon them investing 500 million over the next three years, essentially creating a Manufacturing Base for evs. We will have to wait and see whether the likes of elon musk announced any plans on the back of this policy in the months ahead. The months ahead. Help us understand the months ahead. Help us understand the the months ahead. Help us understand the ev the months ahead. Help us understand the ev marketl the months ahead. Help us. Understand the ev market in india, and the challenges these Companies Might face. India, and the challenges these Companies Might face. There are a number of Companies Might face. There are a number of big Companies Might face. There are a number of big challenges, a number of big challenges, steve, including the fact that charging infrastructure at this point is very inadequate, and that will
Which shoppers continue to buy essentials even as borrowing costs rise and inflation pinches their budget chinese property crisis deepens. Another company with openings to the sectors misses payments. The latest investments from beijing straight ahead later in the show, its not just the cost of tuition that continues to go up every school year living off campus is creating sticker shock for students and their parents. It is thursday, august 17th, 2023 youre watching Worldwide Exchange right here on cnbc good morning, welcome to Worldwide Exchange. Were going to check the stock futures. Theyre in the green across the board. Fractionally higher for the s p 500 and nasdaq at this hour, the dow will open 40 points higher h h losses picking up in the final hour of trading. Most people see serious risk for inflation that may require more rate hikes in the future back to back losses with the nasdaq leading the declines down 1. 2 the s p 500 closing at its lowest level in more than a month. Th
87 of the vote. But there was defiance in the form of large queues at some Polling Stations in russia heeding the call of allies of the late Opposition Leader, Alexei Navalny, who urged people to turn out to spoil their ballots or to vote for any other candidate. Mr navalny died suddenly in a penal colony in russia last month. At least 80 protesters were arrested. Mr navalny s widow, yulia navalnya, cast her vote at Russias Embassy in berlin. There were also protests held and voting queues in a number of other countries. In london, there was a line a mile long outside the russian embassy. From moscow, heres our russia editor steve rosenberg. For Vladimir Putin, six more years in the kremlin. Russias president is sounding more confident than ever. Translation whoever might want to intimidate us, whoever might want to suppress us, ourwilland our conscience, they have never been able to do it, and never will. Then, mr putins first Public Comments on the death ofjailed Opposition Leader Al
Sharply. Have buyers reached their limit on how much theyre willing to pay for a home but we begin with the market john, bottom line, were just off the lows for the day, down about 0. 9 for the s p and Dow Jones Industrial average weve been down 9 out of 11 days on the s p 500 if we close lower today. So that is very noticeable the dow industrials, being held up largely by defensive names. Some of the other sectors like banks and energy are on the weak side the nasdaq down there, 0. 8 . Were down about 5 off of the recent 52week highs of the nasdaq when you get more than 5 , the technicians start noticing tech has been an underperformer. The dow movers here, take a look the good news is Johnson Johnson holding up wells, defensive names merck, proctor and gamble holding up. Caterpillar has been weak, Energy Stocks coming off of their highs after a terrific run. Take a look. I think a key chart is the bank stock. Theyre starting to exhibit negative patterns, what we call head and shoulde
Also hitting the market, s p global just dropped the scale that measures environmental, social and governance factors when assessing a companys credit policy. No longer important and we are seeing it ripple across the board. Sandra. Sandra all really interesting stuff. Thank you so much on all of that for us. As we hit a new hour, President Biden is set to deliver remarks shortly on what else his climate agenda and while hes taking a victory lap out west, back home in washington brandnew evidence released in the biden family investigation. Trace we start hour two of america reports. Im Trace Gallagher in for john roberts, great to be with you. Sandra im sandra smith, good to have you here, trace. Trace House Republicans released bank records that appeared to show millions of dollars were sent to bidens and their Business Associates from foreign sources. President biden has not spoken to americans about this or congressional testimony from his sons exbusiness partner. Sandra also over a