Equity Monday: Market pessimism, new iPhones, and IPOs
Equity
TechCrunch
4.2 • 372 Ratings
🗓️ 13 September 2021
⏱️ 6 minutes
🧾️ Download transcript
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| 0:00.0 | Good morning. It is September 13th, 2021, and you are listening to Equity, Tech Runches Venture Capital, |
| 0:16.2 | and Start Up Focus Podcast, where we work to understand the numbers behind the headlines. |
| 0:20.5 | This is Alex and I am back after a week off, which means that I am currently trying to recall how to do my job |
| 0:25.2 | But all the same I am pretty stoked to be back in the saddle as it is going to be a very very interesting week |
| 0:30.2 | Why well there's an Apple event tomorrow, which means that the world of |
| 0:33.2 | tech and startups will grind to a halt for 24 hours as a deluge of news |
| 0:37.4 | from Cupertino washes over our Twitter feeds and bank statements. Do we |
| 0:41.2 | need new iPhones? Probably not. Do we want new iPhones? Yes, yes we do. |
| 0:48.7 | All right, kicking off this Monday round-up show, let's start with a quick markets update the key news |
| 0:53.2 | this morning impacting the value of companies around the world is that pessimism is |
| 0:57.2 | rising a survey from Deutsche Bank indicates that 58% of respondents to a monthly |
| 1:02.1 | survey from the financial giant expect a 5 to 10% correction |
| 1:05.5 | by the end of 2021. That's pretty serious. Another 10% expected correction of more than 10% |
| 1:11.6 | C. M. C. N. N. |
| 1:13.3 | That's even more material. |
| 1:14.5 | More regulatory news from China is shaking certain companies from the country as well, which |
| 1:17.9 | we'll talk about in just a minute. |
| 1:19.5 | Broadly, European shares are higher today. |
| 1:21.6 | Asian stocks are mixed with a slight bias towards positivity, |
| 1:24.7 | and American shares are set to jump when trading starts in a reversion |
| 1:28.0 | from their slide last week. |
| 1:29.0 | They kind of brought us to a bit of a denouumen as Friday closed. All right, our key news is not incredibly thematic this morning, so please excuse a lack of structure |
... |
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