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Real Vision: Finance & Investing

Adventures in Finance - Daily Briefing - April 9, 2020

Real Vision: Finance & Investing

Real Vision

Business News, News, Investing, Business

4.11.1K Ratings

🗓️ 9 April 2020

⏱️ 24 minutes

🧾️ Download transcript

Summary

Real Vision's Roger Hirst and Ed Harrison talk about the Fed’s intervention into high yield ETFs and whether that support would spill over into equity markets to support shares on a sustained basis. In that context, they analyze Mike Green’s theory that continued passive investment flows would help equities back to new all-time highs, and they examine how oil markets are a barometer of market sentiment as well as demand in the real economy. 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, where our team of journalists analyze the most important events of the day within the framework of key real vision themes that's macro liquidity market

0:15.0

structure and crypto we cover it all. Hi, I'm Nkorea for Real Vision.

0:25.0

It's Thursday, April 9, 3.30 PM in North Arlington, New Jersey where I'm reporting from.

0:31.5

We have Ed Harrison and Roger Hurst standing by for their

0:34.0

market analysis but before we go to them let's take a quick look at the latest news

0:38.0

and data on the ongoing coronavirus pandemic. Yesterday there were 86,979 new cases globally but

0:46.3

global active case growth is trending down. Meanwhile recoveries are trending up

0:50.8

British Prime Minister Boris Johnson was released from the hospital

0:54.1

while Dr. Fauchy, director of US National Institute of Allergy and Infectious

0:58.6

Diseases, stated today that US fatalities will likely top out at 60,000.

1:03.9

A quarter of the ominous figure projected by State Department immunologist Deborah Burks on

1:08.7

March 31st.

1:10.1

Now let's go to Real Vision's Ed Harrison and Roger Hurst for their analysis.

1:14.0

Thanks for that, Nick, and I'm here with Roger Hurst, who's the managing editor in our UK Bureau.

1:19.3

Roger, good to talk to you.

1:20.8

Good, see Ed, how's it going?

1:22.4

Good, and you know, before before we came on I noticed that you or you're all filled up there in the back so that's a good thing.

1:27.8

Keats for the long weekend happy.

1:30.8

Yes, you know we're talking right now actually after the close of your markets but before the close of our markets and the big thing you know stocks are up now about 2% in the US. I don't know where they're going to close obviously, but the big thing now,

1:47.7

based upon where we are, is about the Fed and the Fed making some serious moves.

1:54.0

What are your thoughts on the moves that the Fed's doing?

1:57.0

Well, they keep firing, don't they?

...

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