China’s next stage of the pandemic
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 7 December 2022
⏱️ 10 minutes
🧾️ Download transcript
Summary
US stocks slid and the price of Brent crude touched its lowest level since January, and China’s elderly are causing challenges for president Xi Jinping.
Plus, the FT’s Alexandra Heal explains that more women in the UK are turning to sex work due to the struggling economy.
Mentioned in this podcast:
Brent crude oil falls below $80 for first time since January
China’s elderly vaccine refuseniks pose obstacle for Xi Jinping
The women turning to sex work to make ends meet
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 |
| 0:09.9 | Good morning from the Financial Times. Today is Wednesday, December 7th, |
| 0:13.5 | and this is your FT News Briefing. |
| 0:18.8 | The price of oil continues its downward spiral, |
| 0:21.7 | and China needs to figure out how to keep COVID cases low |
| 0:25.2 | now that it's lifting lockdowns. Plus, more women in the UK |
| 0:29.1 | are turning to sex work as the economic environment worsens. |
| 0:32.9 | The FT's Alexandria Hill will explain how this sector is becoming |
| 0:36.3 | even more dangerous now. I'm Mark Filipino, and here's the news you need to start your day. |
| 0:50.7 | Markets are still reeling from a stellar report on the state of the American |
| 0:54.1 | Services sector. The report from the Institute for Supply Management on Monday showed |
| 0:58.7 | hotter than expected services data. Investors started to panic that the news would |
| 1:03.0 | cause the Federal Reserve to keep raising interest rates to fight inflation. |
| 1:06.9 | The oil market in particular felt the effects yesterday, the price of |
| 1:10.2 | Brent Crude felt 4% to its lowest level since January. |
| 1:14.1 | US stocks also slid the S&P 500 shed 1.4% yesterday. |
| 1:24.8 | The Chinese government is lifting tough COVID restrictions, |
| 1:27.7 | large protests around China have forced President Xi Jinping to walk back pandemic controls. |
| 1:33.9 | But now Beijing has another problem it's got to deal with, how to keep COVID cases from rising |
| 1:39.0 | without further sweeping lockdowns. Now you might think the answer is just |
| 1:43.3 | getting everybody vaccinated, but the FT's Ed White says it's not that simple. |
... |
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