Britain’s nurses launch historic strike
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 16 December 2022
⏱️ 9 minutes
🧾️ Download transcript
Summary
Global stocks tumbled after a broad group of central banks raised interest rates, and nurses in England, Wales and Northern Ireland went on strike. Plus, Argentina’s World Cup success is temporarily distracting Argentinians from economic and political turmoil.
Mentioned in this podcast:
US and European stocks tumble as global outlook sours
Ministers reject nurses’ pay demand amid historic strike
World Cup: Lionel Messi mania diverts Argentina from its economic problems
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Transcript
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| 0:00.0 | The FT News Briefing is supported by Equinole, the UK's energy partner. |
| 0:06.3 | Learn more at equinole.co.uk. |
| 0:09.8 | Good morning from the Financial Times. |
| 0:11.8 | Today is Friday, December 16th, and this is your FT News Briefing. |
| 0:18.3 | Global stock markets took a dive after a wave of interest rate rises. |
| 0:23.6 | Nurses in the UK launched a historic strike. |
| 0:27.4 | So many times we go to work, I go to work, and then I go home, knowing that I've delivered suboptimal |
| 0:32.7 | care. And that's not from a lack of trying. It's just from a lack of resources. |
| 0:36.6 | Plus, Argentinians have a brief respite from their economic frustrations. |
| 0:43.8 | I'm Sonia Hudson in for Mark Filipino, and here's the news you need to start your day. |
| 0:47.9 | Global stocks tumbled yesterday. Europe's leading equity index slid nearly 3%, |
| 1:00.6 | the S&P 500 fell about 2.5%. The drops came after several major central banks raised interest rates. |
| 1:09.6 | The European Central Bank lifted its benchmark rate half a percent as did the Swiss Central |
| 1:15.1 | Bank and the Bank of England. This all came after the Federal Reserve raised rates on Wednesday |
| 1:21.8 | and stocks barely moved. Here's the FT's Kate Dugan. |
| 1:26.5 | We actually didn't have a huge sell-off in stocks in the United States on Wednesday. |
| 1:31.3 | In part because the market has been a little bit skeptical that the Fed will hold their ground |
| 1:37.5 | in the face of rising unemployment, slowing growth. But on Thursday, the ECB in particular |
| 1:46.0 | was extremely hawkish, and they said that they were expecting to continue to lift interest rates |
| 1:51.2 | by 0.5 percentage points. We had other central banks around the world also sort of reaffirming |
| 1:58.0 | this hawkishness. And so it was at that point that the message maybe started to sink in a little |
| 2:03.2 | bit more in the United States, certainly markets in Europe and elsewhere were reacting to central |
... |
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