Name: コロナウイルス死者数の増加に伴い金融市場は急落 (Coronavirus: Financial markets tumble as death toll rises)
Uploaded: 2021-01-14T09:55:13.000Z
Duration: 34 min 30 s
Description: VoiceTubeの動画で発音を聞きながら英語表現を覚えよう！学べる英語：新型コロナウイルス,新型肺炎,COVID-19

well, John, this is a day, if not of first, then of staggering proportions not seen since the height of the global financial crisis.

Traders said that they knew things would be bad when they saw the extent of the oil price declines overnight.

様態の副詞

So when the markets opened here, there was only really one way things could go.

What was most surprising, though, was the extent off the declines, which triggered a CZ you mentioned there, John.

What's known as these circuit breakers, the automatically kick in and shut the market down.

That is a very, very rare event here on Wall Street.

The idea is that it gives investors a chance to stop and try and take a breath.

But when the markets reopened, the screens immediately went green then, as they are now still behind me.

As you can see, what's perhaps most worrying Jon is that investors really have been pricing in a global economic slowdown now for weeks because of this spreading Corona virus.

What traders are now saying, though, is that the market is pricing in a full blown recession.

It is an historic day of trade here, and uncertainty is wreaking.

Looking at declines across the board here in this market, there's no other way to say it.

Monday, traders in New York braced for the worst, and within seconds it came Theo.

At the open, shares plummeted to levels so low it triggered the stock exchange to automatically shut down This morning.

There was definitely some panic in the air started last night when you started to see the futures trading down and everyone was worried about where the markets were going.

This morning there was panic coming through the phones on the floor, traders just trying to rush to get to the point of sale to get rid of their stock.

This was definitely in the oil markets where I think people started a fear, Ah, global recession.

So you have a market that's falling out of control.

You have oil markets that are falling out of control and you have no idea what the backdrop of a virus globally, where all the chips are going to lie when it's all said and done.

The latest panic came as investors here and around the world reacted to a crash in the oil markets on the on word spread of the Corona virus unchecked around the globe.

As the market reopened after a 15 minute pause, Wall Street's leading share index, the S and P 500 tumbled more than 6%.

Markets were already spooked by the virus and its impact on the global economy, but adding to their fears and escalating spat between Russia and Saudi Arabia over oil prices itself in response to a drastic fall in demand in the wake of the Corona virus at a meeting of the major oil producers last week, the plan was to cut production to stabilize the market.

But last night, Russia refused and instead ramped up production and slashed prices.

Not to be outdone, Saudi Arabia quickly followed, oil prices tumbled.

That stunned the stock markets, and the rest is red ink on the screens.

S stock market followed a pattern set across the world.

The footsie in London, the DAX in Germany and the nick A in Japan, all tanking trillions wiped off the values of stocks in drops not seen on most of the world's markets since the financial crisis of 2000 and eight investors.

I think of frightened offer another big crisis.

This is the first time that the global economy and the global markets are being tested.

Since 2000 and eight, there's a really big moves on dhe.

The worry is, the usual tools are having little effect.

Interest rates last week failing toe have its desired impact.

As parts of northern Italy went into lock down in the U.

President Trump, who visited the Center for Disease Control on Friday, stuck to his line that the markets were simply reacting to a dose of fake news and that life on the economy go on.

They're going out of his way to try and pump up the stock market and play down the threat off the Corona viruses.

Even saying that the oil price declines are a good thing for consumers.

Of course, they're not good for US oil producers, and he's reminding us of the numbers of people that die from the ordinary flu every year.

You start pointing the finger at journalists who he says, are responsible for hyping this story and causing the markets to tank in an election year, we know he's going to do everything he can to try and keep the economy strong traded here.

I should say they are not blaming journalists.

They are talking to a very real fear that all of this could lead to a global recession.

They are hoping that the White House today will step in and say something to try and calm things down.

We know that the vice president, Mike Pence, is due to hold a press conference to update everybody in a couple of hours time.

What the traders and others are looking for is some sort of reassurance that they will offer paid leave for families who are being forced to take time off, or maybe even step up and prop up ailing industries like the airline and the travel sectors, which are being hit particularly hard.

You can see from the screens behind me there that most of those stocks are very much in the red.

The problem is that whatever financial assistance they provide, all of that is welcome.

But what trade is really want to see here is the development of a vaccine.

But as we know, as we've said many times before that that is at least six months to a year.

Matchable Thanks very much indeed about Katie Martin is the markets editor of The Financial Times.

The underlying reasons why this is so much more serious?

Well, a cz you, as you say, the market's been in trouble for a couple of weeks.

Based on the Corona virus, people have been starting to price in the risk that maybe we're going to get tipped into a global recession by the shutdown that's happened in manufacturing and travel around the world because of this virus.

One investor that we spoke to this morning described it as throwing a grenade into a bloodbath.

So this is great if you like mixed metaphors, I suppose.

But what it means is that you're adding an extremely uncertain situation into an extremely uncertain situation, and the impact on markets has been pretty horrible today.

Now the Saudis have done this before, you know, to lower the old price, flood the market with cheap oil, hoping the demand would pick up and they end up with a bigger market share.

Yes, So if you want to look on the bright side, you could say, Look, we've had a 30% drop in oil first thing this morning it was about 20% down.

And this is a huge gift to consumers of oil the world over.

If you want to look at it that way, you could say, Look, this is a great stimulus into the global economy.

We're not driving anywhere all flying anywhere, though.

And it's a bit like the help that central Banks have been trying to throw into the system.

Cut interest rates last week, which we weren't expecting again.

It's difficult for that to help if there isn't the demand there for travel and general economic activity.

So the fact that the Saudis and the Russians have been playing this war this game over oil does that make the recession that much worse.

Well, what people are worrying about in markets is we've seen stock markets dropped very heavily, as your report was just saying.

We've also seen stress in the high your bond market in the States, and there's lots of quite small energy companies in the U.

This is exactly who Russia is going after on dhe, they borrowed lots of money for their exploration and all the rest of it.

They're gonna find that debt very difficult to pay back with oil trading at these sorts of levels.

And that's a worry about the domino effect of what could happen through corporate America.

Because the big problem, as far as I can understand, is a corporate debt.

You know, the amount of money the companies have borrowed has gone from three trillion in 2007 to 6 trillion out huge mountain of debt.

If they can't pay that service that debt, what happens to the economy?

Well, people have been warning for months that the U.

S high yield debt market isn't is an accident waiting to happen that there's loads of companies out there that massively loaded up on debt while it's being cheap, and it would only take a little trigger to push him over the edge.

This is the trigger, so that market was particularly fierce again today.

So to be absolutely clear, we are heading for a global recession.

字幕リスト動画再生

コロナウイルス死者数の増加に伴い金融市場は急落 (Coronavirus: Financial markets tumble as death toll rises)

extremely

situation

panic

period