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Viewsroom

Viewsroom: Fear factor

Viewsroom

Reuters

News

4.458 Ratings

🗓️ 5 March 2020

⏱️ 24 minutes

🧾️ Download transcript

Summary

U.S. Fed Chairman Jerome Powell surprised markets with a rate cut ahead of schedule. Democratic presidential contender Joe Biden unexpectedly won the most states on Super Tuesday. Covid-19 may show up in China M&A clauses. The coronavirus is inspiring flights to safety. See acast.com/privacy for privacy and opt-out information. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

The views expressed on this podcast are those of the participants, not of Roiders News.

0:10.2

Welcome to the Views Room, a weekly podcast brought to you by Royder's Breaking Views.

0:14.5

I'm Jennifer Sabah.

0:15.8

Joining me here in the New York-based studio is Anna Shamansky.

0:19.5

Hello, Anna.

0:20.4

Hello.

0:22.6

And on the horn from San Francisco is Gina Chan. Hi, Gina. Hey, guys. So we are going to try and tie together many newsworthy

0:29.2

threads in this edition. The coronavirus, the recent Fed rate cuts, and just for good measure,

0:35.3

we're going to throw on the results of the latest contest of

0:37.7

the Democratic primary, known as Super Tuesday.

0:41.2

But later in the program, we're going to toss the mic to our Asia-based friends, Katrina

0:45.9

Hamlin and Jeff Goldfarb, who are going to take you through viral mat clauses in China.

0:51.4

So on that note, let's start with the coronavirus.

0:54.1

Last week, the S&P 500 index had its

0:56.7

biggest drop since 2008, and that was on fears that the latest global outbreak is going to only

1:02.4

get worse. Yesterday, the U.S. Federal Reserve made a surprise rate cut. Anna, what was so unusual

1:08.4

about that? So the rate cut was 50 basis points, and it was also not at a meeting.

1:15.3

It was in between meetings.

1:17.3

So in the last time we've seen a 50 basis point cut in between meetings was around the financial

1:22.1

crisis.

1:22.7

Again, another marker for the financial crisis.

1:24.9

Yes.

...

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