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Money Talks from The Economist

Money Talks: TikTok goes the clock

Money Talks from The Economist

The Economist

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

4.41.2K Ratings

🗓️ 21 July 2020

⏱️ 24 minutes

🧾️ Download transcript

Summary

TikTok, a video-sharing app, is caught up in the US-China clash. Can the firm restructure itself to address concerns over privacy and security? Also, why the pandemic has meant some households are awash with cash. And, a question of judgment. Patrick Lane hosts 

 

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Transcript

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0:00.0

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0:04.0

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0:08.0

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0:13.4

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0:18.6

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0:20.3

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0:24.4

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0:28.2

Big, bold Alberta. Tic-Ove is

0:35.0

Tock is struggling to shake off fears about links to the Chinese state in the

0:41.2

midst of rising tensions between China and other countries over technology,

0:45.8

security, privacy and trade.

0:48.4

What can the video sharing app do to restore confidence?

0:51.4

Hello, you're listening to Money Talks on Economist Radio, our weekly podcast on the markets,

0:58.6

the economy and the world of business.

1:01.8

I'm Patrick Lane, Deputy Digital Editor at The Economist.

1:07.0

Coming up on today's show, why has the pandemic meant some households are flush with cash?

1:12.0

The general picture, at least in the rich world, meant some households are flush with cash.

1:12.8

The general picture, at least in the rich world,

1:15.4

is this big increase in household savings ratios,

1:18.5

this big increase in retail deposits in banks.

1:21.9

And what's the key to better business judgments?

1:25.0

Expertise is very much part of judgment. The key is whether the expertise is relevant. First, Tik-Toc is battling against plans by some governments to ban the video sharing app.

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