9 min listen
Jay Powell calls for more fiscal stimulus, BMW’s dividend plan, CLO vulnerability
FromFT News Briefing
Jay Powell calls for more fiscal stimulus, BMW’s dividend plan, CLO vulnerability
FromFT News Briefing
ratings:
Length:
9 minutes
Released:
May 14, 2020
Format:
Podcast episode
Description
Federal Reserve chair Jay Powell said on Wednesday that additional fiscal stimulus may be “worth it” to shield the US economy from long-term economic damage due to the pandemic, meanwhile, OECD secretary-general Angel Gurría warned that rising debt levels would “come back to haunt us”. Plus, BMW is facing criticism for plans to make a dividend payout to shareholders despite requesting subsidies from the German government. Then, collateralised loan obligations, or CLOs, have boomed over the past decade. The FT’s capital markets correspondent, Rob Smith, explains why they could be vulnerable during the recession. To get free access to the FT’s Coronavirus Business Update newsletter for 30 days, visit ft.com/newsbriefingcovid. You can watch the full Angel Gurría interview from The FT’s Global Boardroom event here. See acast.com/privacy for privacy and opt-out information.
Released:
May 14, 2020
Format:
Podcast episode
Titles in the series (100)
Monday, October 15: Another bump on the road to Brexit, why Angela Merkel’s grand coalition may be in trouble and why a $20bn drug market is up for grabs. Plus, Jamie Dimon pulls out of Saudi Arabia's "Davos in the Desert" over missing journalist. by FT News Briefing