Daily Briefing - May 18, 2020

Real Vision: Finance & Investing

Real Vision

Business News, News, Investing, Business

4.1 • 1.1K Ratings

🗓️ 18 May 2020

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

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Summary

Real Vision Senior Editor Ash Bennington hosts Managing Editor Ed Harrison to make sense of a roaring day on Wall Street. They analyze the extreme bullishness in today's session through the lens of Fed Chair Powell's remarks, and discuss yield divergences in European sovereigns, as well as the valuation of European banks. In the intro, Jack Farley takes a look at recent 13F filings. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Are you ready for a Monzo Business Bank Account?
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0:17.0	If you're ready for a Monzo business account, apply today.
0:20.0	Just search Monzo Business. Only sole traders or limited company directors in the UK can apply.
0:25.0	Get tax pots with Monzo Business Pro for £5 a month.
0:28.1	Te's and sees apply. The Welcome to the Real Vision Daily Briefing. I'm Jack Farley. It's Monday, May 18th.
0:57.0	We've got Ed and Ash standing by. They're going to give you their analysis of what's going on.
1:02.0	But first, the biggest funds in the world
1:04.9	on Friday released their 13 F's, revealing their holdings as well as their appetite for risk.
1:10.8	Let's take a look. The Saudi Sovereign Wealth Fund has been hunting for
1:14.4	bargains. First quarter, it aimed at many of the assets that have been hit
1:18.3	hardest by the pandemic. Airfare, hotels, energy, concerts, even cruise ladders.
1:24.0	It bought Hotel Marriott International.
1:26.0	It bought Canadian oil sands giant Suncor Energy.
1:29.0	It bought Boeing.
1:30.0	It bought Live Nation.
1:31.0	It's already disclosed its stake in Carnival Cruises.
1:34.6	The Saudi Sovereign Wealth Fund seems determined not to let a crisis go to waste.
1:40.0	Likewise, Carl Icon has been piling into beaten down stocks as well.
	...

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