European lockdowns worry investors, China’s Five-Year plan
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 29 October 2020
⏱️ 12 minutes
🧾️ Download transcript
Summary
Stocks in Europe and the US dropped on Wednesday as Germany and France re-entered lockdowns to slow the spread of coronavirus. The FT’s Michael Peel explains how the European Commission is handling the latest wave of the virus. Plus, investors worry about its spread in Europe and the US, and China’s leadership discusses the country’s next Five-Year Plan.
Germany and France impose fresh curbs to slow Covid-19 spread
https://www.ft.com/content/cc928df5-8c4f-4b16-b5e8-78547069c9d5
US stocks close down 3.5% as Covid concern mounts
https://www.ft.com/content/617f7ad3-6831-4e47-b66a-3efccd1972a6
Chinese leadership meets to set policy direction for next 5 years
https://www.ft.com/content/91b74acd-15fc-402a-9644-3c662d3ba04c
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Transcript
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| 0:00.0 | Good morning from the Financial Times. |
| 0:02.0 | Today is Thursday, October 29th. |
| 0:04.0 | And this is your FT news briefing. |
| 0:08.0 | France and Germany install new COVID-19 lockdowns, |
| 0:11.0 | but can Europe maintain a coordinated effort when it comes to quelling |
| 0:14.9 | the virus? Plus, as case counts rise and with the U.S. presidential election just days |
| 0:20.3 | away, American and European investors are getting jumpy. |
| 0:24.6 | And what's China focusing on as it puts together its five-year plan? |
| 0:28.4 | We'll take a look. |
| 0:29.7 | I'm Mark Filipino, and here's the news you need to start your day. |
| 0:33.0 | European leaders are worried about the resurgence of coronavirus and they're taking action to try and stem soaring infection rates across the continent. |
| 0:50.0 | Germany's Chancellor Angela Merkel says that federal and state governments will be shutting |
| 0:57.4 | down parts of the economy. |
| 0:59.6 | Restaurants, bars, and most public entertainment will close. |
| 1:03.0 | President Emmanuel Macron yesterday imposed similar measures for France. |
| 1:07.0 | Michael Peel is our European diplomatic editor. |
| 1:10.0 | He's been following developments across Europe, and he joins me now. |
| 1:13.3 | Michael, can you tell me more about Germany and France's lockdown measures? |
| 1:17.4 | Well, in Germany, federal and state governments have agreed to shut down parts of the economy and the effort is to try to not |
| 1:27.6 | close down the entire country while at the same time drastically reducing the spread of the virus and |
| 1:34.3 | Angela Merkel the Chancellor has described these measures as a heavy day for |
| 1:39.0 | political decision-makers and clearly this is going to have a big social and economic impact. |
... |
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