Stock indices get a case of the Mondays
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 6 August 2024
⏱️ 11 minutes
🧾️ Download transcript
Summary
Major stock indices were significantly down around the world yesterday. Plus, the FT’s Lucy Fisher explains why the far right is rioting in England and what the government is doing about it.
Mentioned in this podcast:
US stocks finish sharply lower to close out global market rout
Why global investors find it so easy to sell Japan
Why are the far right rioting in England?
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Transcript
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| 0:00.0 | The UK's energy partner. |
| 0:06.0 | Learn more at equinore. |
| 0:10.0 | At Aquinore. UK. Good morning from the Financial Times. Today is Tuesday, August 6th, and this is your |
| 0:17.8 | F.T. News briefing. There was a major sell-off in global stock markets yesterday and the Japanese stock market seemed to have the worst time of all. |
| 0:28.0 | Plus, far-right violence has rocked the UK. |
| 0:32.0 | The FT's Lucy Fisher will explain how the government... violence has rocked the UK. |
| 0:32.6 | The F.T.'s Lucy Fisher will explain how the government plans to handle the unrest. |
| 0:37.3 | I'm Mark Filipino and here's the news you need to start your day. To say that Monday was a rough day for investors would be putting it mildly. |
| 0:58.8 | Stocks were down in major indices around the world. |
| 1:01.8 | The NASDAQ composite fell nearly 3.5%. In the UK, |
| 1:06.3 | the Futsi 100 was down more than 2%. The stocks Europe 600 ended around the same. |
| 1:13.0 | Bonds recovered over the course of the day, |
| 1:14.8 | but during Asian trading hours, |
| 1:17.0 | the yield on the two-month treasury fell to a 16-month low. |
| 1:22.1 | Investors were spooked by fears that the U.S. economy is looking shaky. |
| 1:27.0 | Friday's jobs report showed a steep dip in hiring, and now people are wondering if the Federal |
| 1:32.4 | Reserve might have waited too long to cut interest rates. |
| 1:36.0 | Things got so bad on Monday that the President of the Chicago Fed, Austin Goolsby, |
| 1:40.0 | tried to assure folks that the U.S. did not appear to be in a recession. |
| 1:45.0 | The Fed Next meets on September 17th and is expected to cut rates then. Now while Western markets got roughed up, Japanese stocks may have had the worst of it. |
| 2:02.0 | Here to explain why is the F.T.'s Tokyo Bureau Chief Leo |
| 2:04.5 | Leo Lewis. Hey Leo. Hi there. So Leo just walk me through some of the |
... |
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