Episode Details

Today on The Open Bell: Oil pulled back from six-month highs overnight after Qatari mediators flew to Tehran to try to cool the US-Iran conflict, but Brent crude is still sitting above $114 a barrel, which means the "relief" is relative: prices are still roughly double what they were before the war started, and your petrol bill isn't going anywhere interesting for a while. American households are now about as gloomy as they've been in living memory, per the University of Michigan's latest confidence survey, even as the US economy keeps growing faster than most forecasters expected, which tells you something important about who's actually feeling that growth. India's most powerful banker told markets this morning that a 50 basis-point rate hike, half a percentage point tacked onto borrowing costs for over a billion people, is likely coming in December, and he framed it as good news. If today's episode helped something click, a five-star rating on Apple Podcasts or Spotify helps the next person find the show. New episodes every weekday morning at theopenbell.co Not investment advice. For informational purposes only. --- Chapters: 00:00 Introduction 00:13 Oil pulls back from six-month highs as Qatar brokers Tehran 03:06 US consumer sentiment near record low as Middle East prices 05:46 SBI chair flags 50bp India rate hike in December; Sensex rec 07:50 Closing thoughts

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