Seeing startups tackle the health of our planet is giving me life
Equity
TechCrunch
4.2 • 372 Ratings
🗓️ 24 October 2022
⏱️ 10 minutes
🔗️ Recording | iTunes | RSS
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| 0:17.0 | Hello and welcome back to Equity, the Tech Runge Podcast, where we unpacked the numbers and the nuance behind the headlines. It is October 24, 2022. Good morning, this is Alex, and my gosh, it is good to be home. |
| 0:23.2 | Yes, back in the home studio, back in the correct chair, all my cables plug into the right things, |
| 0:28.6 | ah, it's good to be back. |
| 0:30.2 | The bad news is that my body, during my two weeks on the West Coast fully adjusted to Pacific time. |
| 0:36.2 | And now that I'm back on the East Coast and got woken up at 6.50 by my dogs, that means I woke up at 350, |
| 0:41.6 | which means that I'm not ready to be a parent because I'm struggling this morning |
| 0:45.0 | But put all that aside there's a lot that went on last week there is a lot that happened over the weekend we have so much to chat through so put on your news cap and let's do it. |
| 0:53.0 | Let's start with a look at the world of money. |
| 0:58.0 | First up, stocks. |
| 1:00.0 | Shares rallied in Europe, they fell in China but largely rose in the rest of Asia, and they are up in pre-market |
| 1:06.2 | trading here in the United States. |
| 1:09.0 | What's going on? |
| 1:10.0 | A couple of things. |
| 1:11.0 | First up, Chinese shares are down in the wake of the Chinese Communist |
| 1:14.3 | parties every five-year event in which it reshuffles its leadership and reminds |
| 1:18.4 | Chinese citizens who is actually in charge. In the wake of that event Chinese tech stocks got destroyed today |
| 1:24.7 | with Tencent, Ali Baba and Baidu each down more than 10%. According to CNBC |
| 1:29.7 | each company reached a new 52-week low today. |
| 1:33.0 | What's going on? |
| 1:34.0 | Well, essentially, refreshed party leadership in China |
| 1:36.6 | appears set to allow current Premier |
| 1:38.7 | Xi Jinping to continue his efforts to remake the country's economy and society. |
... |
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