8 min listen
Market relief rally, ECB flexes, WeWork cash burn
FromFT News Briefing
ratings:
Length:
10 minutes
Released:
Mar 27, 2020
Format:
Podcast episode
Description
US stocks were up for a third straight day after the Senate agreed to a $2.2tn stimulus package Wednesday. The bill comes as a report on Thursday showed that a record 3.3m Americans filed for unemployment last week from the coronavirus shutdown. Plus, the European Central Bank is giving itself a tremendous amount of flexibility in its plan to buy €750bn in additional bonds to contain the fallout from the virus. And, WeWork burnt through $1.4bn last quarter, almost all the cash injection its principal backer SoftBank had most recently provided. See acast.com/privacy for privacy and opt-out information.
Released:
Mar 27, 2020
Format:
Podcast episode
Titles in the series (100)
Thursday, October 18: The latest from the EU summit in Brussels, how the Federal Reserve is defying President Donald Trump and why some worry the US president is letting Saudi Arabia off the hook. Plus, a look at Europe's shadow population. by FT News Briefing