meta_pixel
Tapesearch Logo
Log in
Money Talks from The Economist

Money talks: A most unusual company

Money Talks from The Economist

The Economist

News, Business, Economy, Finance & Economics, Business News

4.41.2K Ratings

🗓️ 22 March 2017

⏱️ 18 minutes

🧾️ Download transcript

Summary

The one-time bookseller Amazon accounts for more than half of every new dollar spent online in the US. But how did it get to be the fifth most valuable company in the world? Also: why it costs the American government more to borrow money on the bonds market than European ones. And the big brands used to account for two-thirds of the tyre market. Now China has massively deflated their share. Simon Long hosts.

Hosted on Acast. See acast.com/privacy for more information.

Transcript

Click on a timestamp to play from that location

0:00.0

May I have your attention please you can now book your train tickets on Uber and get

0:08.0

10% back in credits to spend on your next Uber ride so you don't have to walk home in the rain again.

0:16.5

Trains now on Uber. T's and C's apply. Check the Uber app. Hello I'm Simon Long, finance and economics editor at The Economist, and this is Money Talks.

0:30.0

Later in the programme, the ever widening gap between US and European bond yields can then be explained

0:36.5

by fiscal and monetary policy differences.

0:38.9

A bigger deficit means more bonds to issue, more bonds to issue means more bonds to buy and thus investors demand a higher

0:46.2

yield for buying those bonds. And Tyres. In 2000 the established brands accounted for

0:52.2

over two-thirds of the market.

0:54.4

Now their share has been deflated to under half.

0:57.3

What is clear is that these Chinese tyre companies have taken a big bite out of the market

1:01.8

share of the established global brands.

1:07.0

But to start, Amazon is a most unusual company.

1:11.0

Once a bookseller, it's now the world's leading provider of cloud computing.

1:15.6

It peddles goods from Manchester to Mumbai.

1:17.8

In America, it accounts for more than half of every new dollar spent online.

1:22.1

And as of last month, it's now an Academy Award-winning film producer.

1:26.8

All of this has made Amazon the fifth most valuable company in the world.

1:31.0

I'm joined on the line from New York by the economist's consumer and retail

1:34.1

correspondent Charlotte Howard who's written at length about Amazon for

1:37.6

this week's economist. First Charlotte is it possible to characterize what

1:42.3

sort of firm it is? Is it a

1:44.0

a vertically integrated online retailer or is it a new sort of digital

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from The Economist, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of The Economist and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.