Investors gain hope, Italy isolated, Rana Foroohar
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 7 April 2020
⏱️ 10 minutes
🧾️ Download transcript
Summary
US stocks and global equities surged on Monday as investors took heart from signs that the coronavirus outbreak may be stabilising in some of the worst-affected countries. Plus, with a death count of more than 16,000 people and its economy on course to suffer the deepest recession in its modern history, Italy is wrestling with a lack of assistance from its European neighbours. The FT’s Miles Johnson explains that Italians are feeling betrayed by how some countries are responding to their plight..
Plus, the FT’s global business columnist, Rana Foroohar argues that private and public - but mostly private - sectors need to invest in broadband improvements as lockdowns cause internet usage to rise.
Hosted on Acast. See acast.com/privacy for more information.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Good morning from the Financial Times. Today is Tuesday, April 7th. This is your F.T. news briefing. |
| 0:07.0 | Yesterday, Boris Johnson was moved into an intensive care unit after the UK Prime Minister's coronavirus infection worsened. |
| 0:15.9 | His mild symptoms had developed into a serious medical situation, joining the many others |
| 0:20.5 | around the world afflicted by the disease. |
| 0:23.6 | But stock market investors were looking ahead when the coronavirus outbreak might peak |
| 0:28.1 | as signs emerged that the rate of infection was stabilizing, particularly in hard-hit countries. On Monday, U.S. stocks |
| 0:35.0 | surged more than 7%. Then Italy has been hit especially hard, with more |
| 0:41.3 | than 16,000 deaths from coronavirus and an ailing economy caused by |
| 0:45.7 | lockdowns. The F.T. Miles Johnson explains why Italy feels abandoned by its |
| 0:50.6 | neighbors at a time of crisis. |
| 0:53.0 | Plus our stay-at-home situation is pushing broadband internet to its limits. |
| 0:57.0 | The EFT's global business columnist Rana Ferruhar explains why this system in the US needs an upgrade. |
| 1:03.0 | I'm Mark Filipino and here's the news you need to start your day. Yesterday global equities |
| 1:16.7 | equities markets and the US stock market surged on encouraging news regarding the |
| 1:20.7 | coronavirus death toll. |
| 1:22.8 | The F.T.'s U.S. markets reporter, Colby Smith, has more. |
| 1:26.6 | So global equity markets did quite well on Monday. |
| 1:29.3 | We had U.S. stocks rising over 7 percent, and that continued a rally that we saw pretty much globally |
| 1:35.5 | across Europe and Asia and a lot of this had to do with the fact that around the world |
| 1:40.0 | in a lot of the countries that have been hard hit by coronavirus. |
| 1:43.0 | We've seen a peak or at least a slowdown in some of the deaths and some of the numbers of cases that have come up. |
| 1:50.0 | So investors have seized on this somewhat, this more positive news, as some indication that there's light at the end of the tunnel just like President Trump said also on Monday on Twitter. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Forhecz Topher, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Forhecz Topher and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.