Global markets take a tumble
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 4 September 2024
⏱️ 7 minutes
🧾️ Download transcript
Summary
From the BBC World Service: Financial markets in Asia and the U.S. have tumbled with investor concerns that the U.S. economy could be headed toward recession. Then, in Mexico, Congress is expected to pass judicial reforms that have prompted judges and court staff protests. And in an attempt to address a falling birth rate, the government in South Korea plans to bring in domestic workers from the Philippines to support families.
Transcript
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| 0:00.0 | Global markets are down over fears of a recession in the US. I think I'm having |
| 0:07.0 | deja vu. Good morning, this is the Marketplace Morning Report and we are live from the BBC |
| 0:12.2 | World Service. I'm Leanna Byrne. We wake up to a |
| 0:15.6 | familiar story, financial markets in Asia and the US have tumbled because investors are concerned |
| 0:21.2 | that America's economy could be headed towards a hard landing, |
| 0:24.9 | also known as a recession. |
| 0:27.3 | The BBC's Mariko Oi is in our Singapore Bureau and will explain it all. |
| 0:31.8 | Hi Mariko. Hi, Mariko. |
| 0:34.0 | Mariko, I feel like we've been here before, |
| 0:36.0 | but for the people who don't have to monitor the markets |
| 0:39.0 | like we do every morning, why do I feel like we've been here before? |
| 0:43.0 | Well, there are many, many reasons for this. |
| 0:46.0 | I think you're talking about a sell-off, aren't you? |
| 0:49.0 | And yes, it does feel like a bit of a deja vu because we were talking about that market meltdown where |
| 0:55.5 | Nikit25 fell by I think about 12% which was a record amount and then it rebounded the next day and you know all the all the volatility that we |
| 1:05.3 | had at the time it was triggered partly because of the Bank of Japan surprise |
| 1:10.6 | interest rate hike but also if it concerns over the health of the |
| 1:14.9 | U.S. economy. Concerns about whether or not the U.S. might be headed for |
| 1:19.0 | recession that kind of disappeared until even I eat for us when investors got a bit more |
| 1:26.0 | concerned about the US economy because of manufacturing data so a lot of focus |
| 1:31.0 | now on the jobs data which will be out on Friday but of course |
| 1:34.4 | there were other reasons like NVIDIA the AI chipmaker the darling of Wall Street |
... |
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