Is this dotcom bust 2.0?
FT News Briefing
Forhecz Topher
4.4 • 1.2K Ratings
🗓️ 11 March 2025
⏱️ 13 minutes
🧾️ Download transcript
Summary
Wall Street stocks fell on Monday, and Pimco has recorded a 17% paper profit on its portion of a £3bn emergency loan that it and others are set to provide to ailing utility Thames Water. Plus, hundreds of people have been killed in Syria after clashes between pro-government and pro-Assad forces escalated into sectarian violence.
Mentioned in this podcast:
Wall Street stocks tumble as investors fret over US economic slowdown
US condemns Syria violence after hundreds killed in sectarian clashes
Pimco books 17% instant profit on Thames Water emergency loan
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Transcript
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| 0:00.0 | We're Equinor, an energy company searching for better. |
| 0:03.0 | Currently, we supply 27% of the UK's gas, 15% of its oil, |
| 0:07.7 | and we're playing our part in the UK's energy transition. |
| 0:11.0 | Our wind farms power 750,000 homes, |
| 0:14.0 | and we expect that to grow to over 7 million. |
| 0:16.5 | Last year, we invested 20% of our global growth spend in renewables |
| 0:20.1 | and lower carbon solutions. |
| 0:22.0 | We plan to increase that to 50% by 2030. |
| 0:25.4 | We're an energy company searching for better. |
| 0:28.4 | equinore.co.uk. |
| 0:33.7 | Good morning from the Financial Times. |
| 0:36.2 | Today is Tuesday, March 11th, and this is your FT News Briefing. |
| 0:41.4 | Bond funds are profiting off the turmoil at Thames Water, and violence rocked the western part of Syria. |
| 0:50.2 | Plus, are U.S. stocks in a bubble that's about to burst? |
| 0:55.3 | I'm Sonia Hudson, and here's the news you need to start your day. |
| 1:09.3 | U.S. equities continued sliding down what could be a very slippery slope yesterday. |
| 1:17.1 | The S&P 500 fell 2.7 percent, and it's now erased all of its post-election day gains. |
| 1:26.6 | Now, we've talked before on the show about the so-called |
| 1:30.0 | magnificent seven tech stocks propping up the whole U.S. market. And we've also talked about the |
| 1:36.8 | fear that that could lead to a repeat of the 2000.com bust. So how do you know when a bubble starts to pop? Here to attempt some market's |
| 1:49.2 | predictions is the FTs-Bookmasters. Hi, Brooke. Hi. So take us back to March of 2000. There are |
| 1:58.5 | low-rise jeans, frosted tips is the hairstyle of choice, and the stock market |
... |
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