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FT News Briefing

Tuesday, March 17

FT News Briefing

Forhecz Topher

Daily News, News & Politics, News

4.41.3K Ratings

🗓️ 17 March 2020

⏱️ 9 minutes

🧾️ Download transcript

Summary

Governments in all large western economies took drastic measures to limit public movement on Monday in an urgent effort to arrest the spreading coronavirus pandemic while US stocks plunged despite a set of emergency measures laid out by the Federal Reserve on Sunday. Plus, an analysis by the Financial Times finds that the UK and the US have key weaknesses in their healthcare systems which could trigger a collapse if put to the test by the outbreak. 

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Transcript

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0:00.0

Good morning from the Financial Times.

0:02.0

Today is Tuesday, March 17th,

0:04.6

and this is your FT news briefing.

0:07.0

Drastic coronavirus-related lockdowns went into place across the Western world

0:12.1

yesterday as governments try to slow the spread of the disease.

0:16.0

And market volatility continued, despite the Federal Reserve's most recent actions.

0:21.0

Plus, how much can health care systems in the US and in the UK

0:25.1

handle before they're overwhelmed? An FT analysis will show that the two countries

0:29.7

are behind when you stack them up against their peers. I'm Mark Filipino and here's

0:34.6

the news you need to start your day. Don't leave the house unless you have a

0:41.3

really good reason. This is the advice governments

0:45.2

around the Western world issued on Monday. Some took even more drastic measures

0:49.7

to curb the spread of the coronavirus.

0:52.6

Russia said it would close its borders to all foreign citizens

0:55.7

for at least six weeks.

0:57.6

Canada imposed its own ban on most foreigners

1:00.8

entering the country. European Commission President Ursula von der Leyen said that Brussels is planning a temporary ban on quote

1:08.0

non-essential travel to 31 European countries.

1:11.0

This is on top of measures taken by Spain and Italy.

1:15.0

Meanwhile, France's president, Emmanuel Macron, banned citizens from anything other than

1:20.0

essential outings. Go get food, go out to exercise, but that's about it. Going to work is allowed, but only if the job can't be done remotely.

1:29.0

In the US, San Francisco and the surrounding Bay Area counties, including Santa Clara, home to Silicon

...

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