FT News Briefing Thursday, February 27
Feb 27, 2020
Donald Trump addressed criticisms over his coronavirus response, predicting a market rebound while investors anticipate central bank stimulus. Microsoft cautioned that supply chain challenges would impact revenue forecasts for its products. In the U.K., Walmart is reconsidering its stake in Asda amidst fierce competition and shifting priorities. Additionally, innovative urban planning initiatives are tackling loneliness by creating inclusive spaces, aiming for healthier communities in cities like Singapore and New York.
AI Snips
Chapters
Transcript
Episode notes
Trump Downplays Coronavirus Threat
- President Trump downplayed criticism of his coronavirus response and predicted a post-election stock market boom.
- He deflected concerns about the outbreak's inevitability, stating the U.S. is prepared.
Investors Expect Central Bank Action
- Investors are betting on central bank intervention to mitigate the coronavirus's economic impact.
- Markets anticipate rate cuts by the Federal Reserve and other central banks.
Microsoft Warns of Coronavirus Impact
- Microsoft warned of lower-than-expected Q3 revenue for Windows and Surface due to supply chain disruptions from the coronavirus.
- This follows Apple's similar warning about iPhone supply constraints.