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Economist Podcasts

Money Talks: covid-19 spreads

Economist Podcasts

The Economist

News & Politics, News

4.44.9K Ratings

🗓️ 25 February 2020

⏱️ 25 minutes

🧾️ Download transcript

Summary

Stockmarkets saw some of the sharpest falls in years after a rise in new coronavirus cases. Is a global economic downturn on the cards? Also, Argentina faces serious debt difficulties—can it strike a new deal with the International Monetary Fund? And, Professor Diane Coyle, from Cambridge University, on the importance of the “data economy”. Rachana Shanbhogue hosts


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Transcript

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0:00.0

Hello, you're listening to Money Talks on Economist Radio, a weekly podcast on business

0:10.5

in the markets.

0:11.5

I'm Ratchena Shandbo, the Europe Economics Correspondent.

0:16.6

Coming up on today's show, Global Market Suffer from Coronavirus Jitters.

0:22.8

How will Argentina tackle its unsustainable debt?

0:26.8

The value of data.

0:29.3

What benefits can the data economy bring?

0:38.4

Financial markets have stabilised after a surge in the number of cases of Covid-19 outside

0:43.4

of China.

0:44.8

Spice and the number of infections in Italy, Iran and South Korea triggered a fearful

0:49.6

market response on Monday.

0:52.0

Fear is a growing that it won't be possible to stop the global spread of coronavirus.

0:56.8

Stocks around the globe have tanked due to concerns over the coronavirus.

1:01.4

Tenoratino yield is approaching a record low.

1:04.5

That would be 1.33% down 10 basis points here.

1:08.2

You were warned.

1:09.0

It was going to be a rough opening on Wall Street this morning.

1:11.4

Stocks actually around the globe have been really taking a hit.

1:13.7

The FTSE 100 had its worst day in four years.

1:16.9

Stocks on Wall Street fell by more than 3%.

1:19.6

And Milan's stock market dropped by 6%.

1:23.1

Meanwhile, business closures and quarantines in China have restricted activity for some

...

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