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Money Talks from The Economist

Money talks: Trump bumps and slumps

Money Talks from The Economist

The Economist

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

4.41.2K Ratings

🗓️ 15 November 2016

⏱️ 17 minutes

🧾️ Download transcript

Summary

Philip Coggan recaps a week of market reactions to Donald Trump's surprise victory. Simon Rabinovitch how China might use the defeat of the Trans-Pacific Partnership in America to assert its trade leadership. And Stanley Pignal assesses the fallout from India's shock announcement that it is scrapping the 500 and 1,000 rupee notes

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Transcript

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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 brain again.

0:16.5

Trains now on Uber. T's and C's apply. Check the Uber app.

0:28.0

Hello I'm Simon Long, the finance editor, and you're listening to money talks. And on this show...

0:30.0

USA, USA, the President-elect of the United States of America, Donald Trump.

0:37.0

Donald Trump will be the 45th president of the United States.

0:45.0

Our buttonwood columnist Philip Coggin fills it in on the market reaction.

0:49.0

The markets expect that Mr Trump and a Republican Congress will push through very big tax cuts and infrastructure spending.

0:58.0

In just months after saying the Trans-Pacific Partnership Trade Deal would be ratified,

1:02.0

Nothing is easy in the US Congress right now. specific partnership trade deal would be ratified.

1:02.5

Nothing is easy in the US Congress right now.

1:05.9

Maybe there was a time when it was, but I haven't seen it.

1:08.8

It sure hasn't been easy since I've been president.

1:12.0

But eventually we'll get it done.

1:13.4

President Obama has admitted defeat. Simon Rabinovich

1:17.5

tells us what that means for trade across the Pacific.

1:20.3

It's a deal that has 12 member nations and so the other 11 there's a chance that they might be able to band together and salvage something from the wreckage.

1:30.0

Finally Stan Pinyal discusses chaos in India after the government dumps the 500 and 1,000 rupee

1:36.2

notes.

1:37.2

We're now at a week's inconvenience and some people are saying this could go on until the end of

1:41.2

the year or even further.

1:43.0

But first, on November the 9th following the American election, global markets went into convulsions,

...

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