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Viewsroom

Viewsroom: Vices and more

Viewsroom

Reuters

News

4.458 Ratings

🗓️ 9 April 2020

⏱️ 37 minutes

🧾️ Download transcript

Summary

Breakingviews columnists in Ireland, New York and Lantau check in with Editor Rob Cox to discuss Jamie Dimon’s annual letter and coming earnings onslaught, fraud at Luckin Coffee and, everybody’s favorite coronavirus obsession: a boom in sales of porn, weed, booze and junk food. 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.

0:09.8

Welcome to the Views Room, a weekly podcast brought to you by Reuters Breaking Views.

0:15.0

I'm Rob Cox coming to you from, well, where else?

0:17.7

My home here in Zurich, Switzerland.

0:20.0

As we've done over the past few weeks,

0:21.7

I will take you, dear listener, into the studies, kitchen tables, and dens of some of our

0:26.8

fantastic columnists all around the world. First, I will chat with Amy Donnellin, who's

0:31.7

hold up in County Clare so we can delve into her extremely popular story this week on

0:37.3

virus vices.

0:38.3

She's referring to the spike in alcohol, weed, and junk food sales that we've seen all over the place,

0:43.3

as well as a bump in porn consumption and even sex toys.

0:48.3

Anyway, I'll let her elaborate on that.

0:51.3

After that, we check in with Anthony Curry in New York to discuss the

0:54.4

coming onslaught of earnings, which kick off next week with J.P. Morgan and the other big

0:58.3

American banks. Anthony wrote this week about J.P. Morgan Chairman Jamie Diamond's annual

1:02.9

letter to shareholders, which he called the best of his career. The letter, which is about

1:07.0

half the size of his usual ones, also figured into my column this week, arguing

1:10.9

that the only thing companies should be addressing is how long they can last in this environment.

1:16.1

Last but not least, Pete Sweeney in Hong Kong walks us through a brewing scandal at Luckin Coffee.

1:21.4

The Starbucks wannabe went public with great fanfare and a who's who of Wall Street underwriters,

1:27.2

but it's now engulf in accusations of fraud.

1:30.9

It's not a virus story, but it's a perfect example of what J.K. Galbraith called the Bezzle.

...

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