The Major Corporate Solvency Crisis: DB - Dec14, 2020

Real Vision: Finance & Investing

Real Vision

Investing, Business News, News, Business

4.1 • 1.1K Ratings

🗓️ 14 December 2020

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Real Vision managing editor Ed Harrison is joined by editor Jack Farley to break down the growing corporate debt crisis. Ed and Jack discuss the latest report from the Group of Thirty, which finds that balance sheet impairment will complicate economic recovery and persist long after this pandemic ends. Ed crystallizes the risks into three separate categories—pandemic-related, economic, and financial—and incorporates these risks into Raoul’s framework on the “insolvency phase." Ed and Jack also discuss fiscal aid, sector rotation, and lockdowns in the U.S. and Europe. In the intro, Real Vision's Peter Cooper discusses the joyous news of the beginnings of vaccine distribution in the U.S., AstraZeneca's announcement to acquire Alexion Pharmaceuticals, and the sterling's rally on renewed Brexit trade negotiations. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	Welcome to the Real Vision Daily Briefing. It's Monday, December 14th. I'm going to be
0:17.1	joined shortly by our managing editor, Ed Harrison. But first, with the day's stories, Peter Cooper.
0:23.6	Thanks, Jack.
0:24.6	In this time of uncertainty and fear
0:26.3	for the US, today marks the beginning
0:28.0	of a new chapter in the battle against COVID-19.
0:30.8	The first of COVID-19 vaccine shots were administered in U.S hospitals with
0:35.0	critical care nurse Sandra Lindsay at Long Island Jewish Medical Center in Queens, New
0:38.8	York receiving the first one. After the FDA granted emergency use authorization for Pfizer
0:44.2	Bio and Tex vaccine three days ago, the government enacted on plans to
0:48.0	distribute the first round of doses, amounting to 2.9 million in the
0:52.0	coming weeks.
0:52.8	The Center for Disease Control and Prevention
0:54.8	recommended that health care workers and those in long-term care facilities
0:58.6	be the first in line to receive the vaccination.
1:01.0	The FDA also plans to review Moderna's vaccine this coming Thursday, which two could be
1:06.2	authorized for distribution. Operation Warp Speed has said that 20 million Americans could
1:10.8	receive the first shot of the two course vaccines by years end.
1:14.4	Mexico has also approved the vaccine.
1:16.5	The government has already contracted for 34.4 million doses of the Pfizer Bio and
1:21.5	Tech vaccine and 250,000 are set to arrive later this week.
1:26.0	President Andres, Manuel Lopez-A-Baror announced that the vaccines will be universal, free, and voluntary.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Real Vision, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Real Vision and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.