Viewsroom: The F’d up oil market
Viewsroom
Reuters
4.4 • 58 Ratings
🗓️ 23 April 2020
⏱️ 39 minutes
🧾️ Download transcript
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| 0:00.0 | The views expressed on this podcast are those of the participants, not of Reuters' news. |
| 0:10.1 | Welcome to the Views Room, a weekly podcast brought to you by Reuters Breaking Views. |
| 0:14.6 | I'm Rob Cox, coming to you from my home in Zurich, Switzerland. |
| 0:17.7 | This week, we will board the magic carpet and visit Bombay, Brooklyn, and London |
| 0:22.4 | to visit with three breaking views columnists. First up is Yunegalani, our India editor, to discuss |
| 0:28.0 | that rare commodity of the COVID-19 era, a multi-billion dollar cross-border deal. That would be |
| 0:33.9 | Facebook's purchase of a near $6 billion stake in Reliance industry's digital arm. |
| 0:39.2 | Not only is it a rare deal, it comes as India is reassessing the sources of foreign direct investment. |
| 0:45.5 | That's code for basically asking whether it wants Chinese capital. |
| 0:49.4 | Next, we're going to visit with George Hay, who's been writing about all the weird shizzle taking |
| 0:53.5 | place in the global |
| 0:54.4 | oil markets. West Texas crude went to negative territory earlier in the week. That's weird. |
| 0:59.4 | It's a fluke. But the outlook for crude, what it means for producers, global economies, and geopolitics |
| 1:04.7 | is a huge matter for the world. Finally, Anna Schumansky and I will discuss the U.S. |
| 1:09.3 | Treasury's Paycheck Protection Program, the PPP, which is a scheme to help small businesses continue to pay workers during the coronavirus lockdowns. |
| 1:19.5 | The original slug of $349 billion went quickly and not without a bit of controversy. |
| 1:25.7 | Anna and I discussed where the next $320 billion, which was appropriated by Congress this week, |
| 1:30.0 | will flow. |
| 1:31.2 | Happy listening. |
| 1:33.8 | Hello, Mumbai. Hi, you, Nicalani. How are things in India? |
| 1:38.6 | Lockdown, lovely. |
| 1:41.4 | People really are abiding by the rules still in Mumbai. Is that right? Yeah, I mean, it's a bit mixed, |
... |
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