Thursday, March 5
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 5 March 2020
⏱️ 10 minutes
🧾️ Download transcript
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| 0:00.0 | Good morning from the newsroom of the Financial Times. |
| 0:02.5 | Today is Thursday, March 5th, and this is your FT news briefing. |
| 0:07.8 | U.S. stocks rebounded on Wednesday, a day after the Federal Reserve's emergency interest |
| 0:12.3 | rate cut, seemed to spook investors. |
| 0:15.2 | Former 21st century Fox Chief Executive James Murdoch is investing in startups fighting fake news, |
| 0:21.1 | and the U.S. is making a move to fight off Chinese influence in one of Africa's |
| 0:25.3 | fastest growing economies. |
| 0:27.2 | Plus, how do you bring the trading floor into your own home? |
| 0:30.6 | The F.T.'s Laura Noonan will walk us through Banks coronavirus contingency plans. |
| 0:35.0 | I'm Mark Filipino, and here's the news you need to start your day. |
| 0:39.0 | U.S. stocks had their worst week since 2008 last week, and this week has been met with more market turbulence. |
| 0:48.0 | Let me recap what we've seen so far. |
| 0:50.0 | Monday. Stocks were up in the biggest one day gain in more than a year. |
| 0:54.0 | The hope was that Central Banks would step in to soften the economic effects of the coronavirus. |
| 0:58.0 | Tuesday, Central Banks do step in, or at least a key one does. |
| 1:03.2 | The Federal Reserve makes an emergency cut of 50 basis points, |
| 1:06.7 | but markets tumble. |
| 1:08.0 | And then yesterday, Wednesday, US stocks were back up again. |
| 1:11.4 | This time the S&P 500 rose more than 4%. |
| 1:15.0 | Volatility is back is the bottom line. This is one of the most dramatic periods of |
| 1:19.2 | trading on Wall Street since the financial crisis. That's the F.T's Richard Henderson. |
| 1:24.1 | The portfolio managers I've been talking to point to the House of Representatives |
... |
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