Money Talks: Twin peaks
Money Talks from The Economist
The Economist
4.4 • 1.2K Ratings
🗓️ 9 February 2021
⏱️ 24 minutes
🧾️ Download transcript
Summary
As the price of oil rises, so too does the value of the battery metals that could replace it. Host Patrick Lane asks what’s driving these competing bets on the fuels of the future. Plus, the rise of the hairy zombies: why some of the most pandemic-battered shares in USA Inc are confident of an afterlife. And, how remote work is playing havoc with American taxes.
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Transcript
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| 0:00.0 | The price of oil has broken $60 for the first time in more than a year. |
| 0:12.2 | But in a strange twist, as oil rises, so too do the battery metals that seek to replace |
| 0:18.1 | it. |
| 0:19.1 | You're listening to Money Talks on Economist Radio. |
| 0:22.7 | Our weekly podcast on the markets, the economy and the world of business. |
| 0:27.4 | I'm Patrick Lane. |
| 0:30.2 | Also on today's show, the rise of the Harry Zombies, what to make of the weirdest earning |
| 0:35.8 | season in America's recent corporate history. |
| 0:38.8 | The reason people are bidding on these zombie companies is they're so undervalued because |
| 0:43.0 | they almost went under. |
| 0:44.4 | The bet now is if they'll come roaring back. |
| 0:48.7 | And while remote work is playing havoc with American taxes. |
| 0:53.5 | It's huge. |
| 0:54.5 | Billions of dollars are at stake. |
| 0:56.2 | It's hard to imagine what's going to happen if they lose all that money. |
| 1:08.8 | But first, oil is making a comeback. |
| 1:12.2 | On February the 8th, the price of Brent Crude, the international benchmark, rose above |
| 1:16.6 | $60 a barrel for the first time in more than a year. |
| 1:21.6 | Three metals too are enjoying a run-up in value. |
| 1:24.8 | The prices of cobalt, lithium and certain rare earth metals needed for making batteries |
| 1:30.4 | have soared since late last year. |
| 1:33.2 | Nickel and copper are enjoying an even longer climb. |
... |
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