Adventures in Finance - Daily Briefing - April 17, 2020

Real Vision: Finance & Investing

Real Vision

Business News, News, Investing, Business

4.1 • 1.1K Ratings

🗓️ 17 April 2020

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

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Summary

Ash Bennington hosts Ed Harrison, Real Vision’s Managing Editor, to break down the week’s events. The pair cover the U.S. banking sector, risks to the commercial real estate market, Russian central bank policy action, and compare and contrast the timing and trajectory of the COVID Crisis to the GFC. Bennington and Harrison end on a discussion of the changing role of China in the global political and financial system in the wake of the current crisis. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Welcome to the Real Vision Daily Briefing. It's Friday, April 17th, yet another crazy day in markets.
0:17.5	We have our managing editor, Ed Harrison, standing by with Real Vision's own Ash Bennington and they're ready to give their macro
0:24.1	analysis of everything that's going on. But before we go to them, let's quickly
0:28.2	go over the latest news in markets, starting out with some price action. It was another strong day for U.S. equities with all three major
0:36.1	indices rallying. The big winners of the day were Boeing up 14.7 percent and ExxonMobil
0:42.2	up 10.4 percent.
0:43.4	So the markets were fully in risk on mode.
0:45.8	Apple was down 1.3 percent as Goldman Sachs predicted a major decline in their
0:50.3	iPhone sales.
0:51.2	And while we're on the subject of interesting charts,
0:53.4	I want to draw attention to a stock that's been exhibiting
0:56.0	some truly extreme price action.
0:58.4	The name of the company is Liberty TripAdvisors
1:01.7	it's a holding company that owns 23% of Trip Advisor
1:05.5	and 58% of the voting share.
1:07.8	On Wednesday, the Class B shares skyrocketed 2,200%.
1:12.2	What a wild swing.
1:13.6	This on the same day that Class A shares went up a mere 21%.
1:17.8	That's a change barely visible if you view both securities
1:20.4	on the same chart.
1:21.4	Despite Class B shares having 10 times greater voting power, it's my
1:25.0	understanding that both issues have the same economic rights making the spread between
	...

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