The Big Dip
FT News Briefing
Forhecz Topher
4.4 • 1.2K Ratings
🗓️ 25 January 2022
⏱️ 12 minutes
🧾️ Download transcript
Summary
Stocks on Wall Street ended higher on Monday after investors took advantage of a severe drop early in the session, Peloton has come under attack from an activist investor, and the United Arab Emirates said it intercepted two missiles launched by the Iran-allied Houthi rebels in Yemen.
Mentioned in this podcast:
US stocks reverse severe losses as buyers step in
UAE intercepts ballistic missiles fired by Houthis over Abu Dhabi
Activist investor urges Peloton to fire chief and explore sale
How connected fitness became the new obsession
Robert Armstrong’s “Unhedged” newsletter
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
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Transcript
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| 0:00.0 | The FT News Briefing is supported by Equinole, the UK's energy partner. |
| 0:06.3 | Learn more at equinole.co.uk |
| 0:09.8 | Good morning from the Financial Times. |
| 0:11.5 | Today is Tuesday, January 25th, and this is your FT News Briefing. |
| 0:18.0 | Stock markets yesterday, they swoon, they tumbled, |
| 0:21.1 | they nose dived, whatever word you want to use, they were down. |
| 0:24.3 | But then the dip was bought. |
| 0:26.6 | I do not think, however, that the fun is probably over in markets. |
| 0:31.8 | We'll talk about this market movement with Rob Armstrong. |
| 0:34.2 | He writes our daily unhedged newsletter. |
| 0:36.7 | We'll also look at the latest hurdle for connected fitness company Peloton, |
| 0:40.3 | and we'll go to the Persian Gulf to find out more about Rebels and Yemen, |
| 0:43.6 | taking their fight into the United Arab Emirates. |
| 0:46.4 | A Mark Filipino, and here's the news you need to start your day. |
| 0:53.6 | So US stocks ended yesterday higher. |
| 0:55.9 | But it was after one hell of a ride. |
| 0:58.7 | At one point, the Nasdaq was down as much as 4%, |
| 1:01.5 | and the S&P 500 was at one point down 10% from its high. |
| 1:05.6 | That's technical correction territory. |
| 1:08.1 | But it wasn't just US stocks. |
| 1:10.4 | All over the globe, from the footsie to the hang saying, |
| 1:13.2 | stocks took a beating. |
... |
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