4.4 • 4.9K Ratings
🗓️ 10 March 2020
⏱️ 23 minutes
🧾️ Download transcript
Financial markets are reeling from a new “Black Monday” which saw oil prices tumble and stocks plunge in the most brutal day for the market since the global financial crisis of 2007-2009. Slumping demand caused by the spread of the novel coronavirus has sparked a crude-oil price war. What are the ramifications? And, how the virus is boosting a fledgling Chinese industry. Patrick Lane hosts
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0:00.0 | But lots of parents having helpful discussions with kids about online safety can be tricky. |
0:06.0 | To help, Google and digital parenting experts, parents on, |
0:10.0 | have put together a list of simple topics you can chat about with your child to kick start the conversation. |
0:16.0 | Questions like, what shouldn't you share online? |
0:19.0 | Or how much screen time is too much? |
0:21.0 | It can be a great way to find a healthier balance for your family online, together. |
0:26.0 | Head to families.google today. |
0:30.0 | Financial markets are reeling from a new black Monday. |
0:41.0 | Tumbling oil prices sent shares plummeting in the most brutal day for trading since the financial crisis of 2007 to 2009. |
0:50.0 | Hello and welcome to Money Talks on Economist Radio, or weekly podcast on the markets, the economy and the world of business. |
0:58.0 | I'm Patrick Lane, Deputy Digital Editor at the Economist. |
1:02.0 | On today's show, a new crude oil price war adds to the market chaos caused by COVID-19. |
1:10.0 | When financial markets are in a sort of jittery or jumpy mood, anything it's unexpected is likely to make things jumpier. |
1:18.0 | And we look at the booming telemedicine businesses being lied upon by millions of people in China. |
1:24.0 | The government has recognised how important these online healthcare firms have been in supplementing China's physical healthcare system at a time of crisis like this. |
1:40.0 | First, growing anxiety about the spread of COVID-19 continues to cause turmoil in financial markets. |
1:47.0 | The latest bout of panic was spurred by a falling out among oil producers. |
1:51.0 | Slumping demand for oil, the result of the virus, has heightened tensions between producers. |
1:56.0 | Saudi Arabia wanted to cut production, Russia refused, and Saudi Arabia retaliated by sparking a price war. |
2:03.0 | Oil prices crashed, stocks plunged. |
2:06.0 | On Monday, almost £125billion was wiped off the value of the FTSE 100, and on Wall Street, trading was halted for 15 minutes after the S&P 500 fell by 7%. |
2:19.0 | So, how will the economy withstand this continuing storm? |
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