Market relief rally, ECB flexes, WeWork cash burn
FT News Briefing27 Mar 2020

Market relief rally, ECB flexes, WeWork cash burn

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.


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Episoder(2099)

Friday, October 26

Friday, October 26

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Thursday, October 25

Thursday, October 25

The Nasdaq has its worst day since 2011, better-than-expected results from Ford and Tesla and why the US is warning the UK not to get into the nuclear power business with China. Plus, we’ll take you t...

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Wednesday, October 24

Wednesday, October 24

Trump to meet Putin next month in Paris, US and Turkish presidents take aim at Saudi Arabia over the killing of Jamal Khashoggi and why earnings at US industrial groups might be of concern to some cen...

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Tuesday, October 23

Tuesday, October 23

An unexpected windfall for the UK budget, HSBC’s step back into US lending and what is causing some investors to tread cautiously. Plus, how many mobile apps are sending your personal data to other co...

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Monday, October 22

Monday, October 22

Moscow attacks President Trump's nuclear treaty decision, a tie-up to create one of the world’s largest auto components makers and Riyadh's battle to salvage the crown prince’s summit. Plus, what nex...

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Friday, October 19

Friday, October 19

Tougher talk from the US on Saudi Arabia, Uber’s move from drivers to waiters and why Wall Street traded lower on Thursday. Plus, a report from day two of the EU summit. Hosted on Acast. See acast.com...

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Thursday, October 18

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 ...

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Wednesday, October 17

Wednesday, October 17

A potential extension for the Brexit transition period, upbeat Netflix earnings, how Uber is preparing for an IPO and just how big the market for cannabis will be in Canada. Plus, what BlackRock earni...

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