ECB worries about strong euro, DHL warns of vaccine delivery issues, KKR eyes Japan
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 3 September 2020
⏱️ 9 minutes
🧾️ Download transcript
Summary
The euro’s rise has top policymakers at the European Central Bank worried, German logistics giant Deutsche Post DHL has warned that two-thirds of the world’s population is unlikely to have easy access to any Covid-19 vaccine that needs to be kept frozen, and KKR is doubling down on its operations in Japan. Plus, the FT’s Demetri Sevastopulo explains why US president Donald Trump is toning down his rhetoric on US-China trade issues.
Rising euro has ECB worried about falling prices
ft.com/content/c986281c-7154-48ac-939d-50e46d64c0ee?
DHL warns of Covid-19 vaccine delivery problems
ft.com/content/52d40ce8-4f6b-4068-8c48-b98fa0f7740b?
KKR homes in on Japan as cash-strapped companies offload assets
ft.com/content/d59ea8fd-549c-4b0f-b558-e34f53b18f7d?
Why Trump no longer talks about the trade deficit with China
ft.com/content/081e6d25-8d67-4caa-918a-2765a66f0052?
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Transcript
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| 0:00.0 | Good morning from the Financial Times. |
| 0:01.8 | Today is Thursday, September 3rd. |
| 0:04.3 | This is your FT news briefing. |
| 0:08.4 | Top policy makers at the European Central Bank |
| 0:10.8 | are worried about the strength of the euro. |
| 0:14.0 | D.H.L. says it might be tough keeping a potential coronavirus vaccine cold, and KKR is paying close attention |
| 0:21.3 | to Japan. |
| 0:22.3 | Plus, Donald Trump has been talking about paying close attention to Japan. |
| 0:26.0 | Plus, Donald Trump has been talking about China a lot lately, but he isn't saying much about trade. |
| 0:29.0 | We'll take a look at why he's toned it down. |
| 0:31.0 | I'm Mark Filipino, here's the news you need to start your day. |
| 0:40.3 | Now on yesterday's show, I spoke with our economics editor Chris Giles about the effects of a weak US dollar |
| 0:45.5 | If you missed it you should check it out. It was a helpful conversation in understanding the state of global currencies |
| 0:51.6 | And while the dollar is weak, the euro is strong, and this has some |
| 0:55.3 | people worried. The FT has been talking to several policy makers at the European Central Bank, |
| 1:00.5 | and it turns out that the euro's rise against the dollar is a little troubling to them. |
| 1:05.3 | They said the Euro strength poses a risk to the Eurozone's economic recovery. |
| 1:10.2 | The ECB's governing council says that if the Euro keeps appreciating, it'll do a few things. |
| 1:14.6 | We on Europe's exports, drag down prices, and intensify pressure for more monetary stimulus. |
| 1:20.6 | And the ECB has to contend with the Federal Reserve. |
| 1:23.2 | The Council members said that the Fed's decision last week to tolerate more inflation |
| 1:27.4 | has driven the euro higher against the dollar, which means there's more pressure on the ECB |
... |
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