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MarketStandard 20 April 2020

An episode of the WorldWide Markets with Simon Brown podcast, hosted by JustOneLap.com, titled "MarketStandard 20 April 2020" was published on April 20, 2020 and runs 65 minutes.

April 20, 2020 ·65m · WorldWide Markets with Simon Brown

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Lockdown day 25

22million unemployment claims in US in 4 weeks (entire 2008 saw only 8.8million) opening economy

China GDP fell by 6.8% YoY in Q1 (first fall since 1992)

Wall Street gained 15% in the past two weeks, its strongest fortnight in 80 years.

Oil price .. crude oil getting smashed as global storage fills up

Earnigs season kicks off in US this week, includes March so some sense of impact but not entirely

Goldman Sachs cuts Apple to sell & cut its price target to $233 from $250 as it sees revenue dropping a third

Amazon trading at all time highs

Big cabinet meeting today (Monday)

End of the road for SAA (US airlines getting $25bn, and that not enough)

Another 1% repo rate cut, but still SARB expects SA to contract by 6.1% this year

Treasury looking to borrow $60bn, potentially from IMF

Global Financial Markets Podcast by Mayer Brown Mayer Brown The Global Financial Markets podcast helps clients deal with the legal and business challenges resulting from the ongoing turbulence in worldwide financial markets. By mobilizing our global resources from multiple practices and offices, the podcast provides clients with knowledgeable and timely counsel on a broad spectrum of their legal needs. Don't Mess with Nature Andrew Mitchell Economists estimate the economic fall out from the COVID-19 virus pandemic could approach $10 trillion dollars, or around one eighth of global GDP. A letter to the World Health Organisation this week, signed by almost 250 organisations, points to a solution. A massive crackdown on wildlife trade markets worldwide. It is time to call out this health crisis for what it is - a by-product of the US$ billion trade in environmental crime.When seeking the origins of this COVID-19 crisis, we need to look less into human health, but into the collective blindness among regulators and within the financial sector of the huge dependencies the global economy has on biodiversity, and the devastating impacts on us all when our effect on these dependencies, becomes increasingly unsustainable. COVID-19 is nature’s $10 trillion dollar bite back, and this is just the beginning Hosted on Acast. See <a style='color:grey;' target='_blank' rel='no MULTI Casts Engineering Michiel Bongertman MULTI.Engineering is an engineering company with offices in Belgium, the Netherlands and Slovakia. We provide engineering services towards the Maritime & Offshore, Building & Infra and Industry markets. Founded in 1996 we have evolved to a worldwide operating group employing over 250 engineers and experts. MULTI casts Engineering Niko Fierens MULTI.engineering is an engineering company with offices in Belgium, the Netherlands and Slovakia. We provide engineering services towards the Maritime & Offshore, Building & Infra and Industry markets. Founded in 1996 we have evolved to a worldwide operating group employing over 250 engineers and experts.
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