FT News Briefing

Goldman Sachs surpasses profit estimates by almost $1bn, CVC?s revived listing plan follows years of internal discord over whether the PE firm should go public, and Tesla is laying off 10% of its global workforce. Plus, the FT?s Michael Stott explains why the Darién Gap has become an important migration route for people heading towards the US.

Mentioned in this podcast:

Goldman Sachs traders help fuel 28% profit increase

Goldman Sachs knows what fits it best ? plenty of deals

CVC?s tortuous path to an IPO

Tesla to cut 10% of global workforce

The migrant highway that could sway the US election

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Denise Guerra, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. 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

Hosted on Acast. See acast.com/privacy for more information.

US lawmakers face new pressure to approve military aid for Israel, and Tianqi Lithium?s strategy is at risk as Chilean President Gabriel Boric?s government works to take back control of resources. Plus, depositors put pressure on big US banks.

Mentioned in this podcast:

Net interest income may have peaked for Wall Street banks

China?s Tianqi Lithium?s $4bn bet on Chile at risk of backfiring

Israel weighs response to unprecedented attack by Iran

Pressure mounts on US lawmakers to approve new aid for Israel

Credit: NBC 

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Josh Gabert-Doyon, Denise Guerra, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. 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

Hosted on Acast. See acast.com/privacy for more information.

Donald Trump championed the reversal of Roe vs Wade. He even called himself the ?most pro-life president? in US history. But with voters outraged by abortion restrictions, Trump and other Republicans are staking out a new position on the issue. The FT?s global business columnist, Rana Foroohar, and Washington bureau chief, James Politi, join to explain why.

Mentioned in this podcast:

Arizona court bans almost all abortions in Trump-Biden swing state

Donald Trump says abortion law should be left to states

Sign up for the FT?s Swamp Notes newsletter here

Tell us what you?re thinking about the US election!  

Swamp Notes is produced by Ethan Plotkin, Sonja Hutson, Lauren Fedor and Marc Filippino. Topher Forhecz is the FT?s executive producer. The FT?s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson. 

CREDIT: Forbes Breaking News

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Three more US regulators have opened probes into Morgan Stanley, managers are planning to shut or convert US prime money market funds ahead of new regulations, and the European Central Bank held interest rates steady. Plus, sanctioned Russian oligarchs got a big win in a top EU court. 

Mentioned in this podcast:

EU?s sanctions regime in turmoil after oligarchs win legal battle

Managers to shut or convert $220bn of US money market funds before rule change

US allies urge Iran not to retaliate against Israel

European Central Bank holds interest rates at 4% in contested decision

Register for our FTWeekend Festival in the US! 

Promo code for 10% off tickets: weekendpodcast

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Ethan Plotkin, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. 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

Hosted on Acast. See acast.com/privacy for more information.

Traders slashed bets on Federal Reserve interest rate cuts, the US audit regulator issued its biggest fine ever against KPMG, and the UK?s Lloyds Banking Group plans to cut jobs in risk management after an internal review found the function was a ?blocker to our strategic transformation?.

Mentioned in this podcast:

Markets slash rate cut bets after US inflation rises to 3.5%

Investors lose hope of rapid US interest rate cuts this year

KPMG fined $25mn over exam cheating scandal at firm?s Dutch arm

Lloyds Bank axes risk staff after executives complain they are a ?blocker?

Register for our FTWeekend Festival in the US! 

Promo code for 10% off tickets: weekendpodcast

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Cara Shillenn, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. 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

Hosted on Acast. See acast.com/privacy for more information.

OpenAI and Meta are on the brink of releasing new artificial intelligence models, police in Ecuador stormed the Mexican embassy to arrest the former vice-president, and big investors are selling US Treasuries and buying European government bonds. Plus, Australia is trying to boost its manufacturing sector to protect against supply chain disruptions. 

Mentioned in this podcast:

OpenAI and Meta ready new AI models capable of ?reasoning?

Ecuador?s president displays strongman credentials with Mexico embassy raid

Big investors buy European bonds over US as economies diverge

?Made in Australia? drive aims to shift economy from ?world?s quarry? label

Register for our FTWeekend Festival in the US! 

Promo code for 10% off tickets: weekendpodcast

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. 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

Hosted on Acast. See acast.com/privacy for more information.

The US, UK and Australia on Monday said they were considering working with Japan in the trilateral Aukus security pact, the world?s biggest chipmaker will build cutting-edge facilities in Arizona in exchange for billions of dollars in subsidies, and the Environment Agency for England and Wales is allocating £11mn collected in fines against water companies, to environmental restoration projects.

Mentioned in this podcast:

TSMC boosts Joe Biden?s AI chip ambitions with $11.6bn US production deal

US, UK and Australia say Japan could join part of Aukus pact

Regulator seeks to quell public anger on UK water with £11mn restoration fund

Register for our FTWeekend Festival in the US! 

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. 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

Hosted on Acast. See acast.com/privacy for more information.

Israel moves some of its troops from southern Gaza to prepare for an operation in the city of Rafah, Google is considering charging for AI-powered search, and European defence companies are worried about their reliance on China for a critical component in gunpowder for ammunition. Plus, global stock market concentration has risen to its highest level in decades.

Mentioned in this podcast:

Israel says it has pulled out of Khan Younis to prepare for move on Rafah 

European defence groups warn over reliance on Chinese cotton used in gunpowder

How Google lost ground in the AI race

Google considers charging for AI-powered search in big change to business model

Global dominance of biggest stocks rises to highest in decades

Register for our FTWeekend Festival in the US!

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Zach St. Louis, Mischa Frankl-Duval, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. 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

Hosted on Acast. See acast.com/privacy for more information.

Donald Trump?s first term as president featured mainstream Republican figures ? respected military officials, centre-right policymakers, and neoliberal business leaders ? who promised to temper his more extreme instincts. But if Trump takes office again, his White House could feature a very different cast of characters. The FT?s Washington bureau chief, James Politi, and deputy Washington bureau chief, Lauren Fedor, join this week?s Swamp Notes to discuss what a second Trump White House would look like. 

Mentioned in this podcast:

The Trump machine: the inner circle preparing for a second term

Sign up for the FT?s Swamp Notes newsletter here

Swamp Notes is produced by Ethan Plotkin, Sonja Hutson, Lauren Fedor and Marc Filippino. Topher Forhecz is the FT?s executive producer. The FT?s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson. 

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

The supply of equity shares on the market is shrinking, more people in Israel are calling for early elections, and Prague says Russia is mounting cyber attacks on railway systems throughout Europe. Plus, a new plan to give a boost to Africa?s agriculture.

Mentioned in this podcast:

Benny Gantz calls for early elections in Israel

Israelis hold biggest rally against Netanyahu since start of Gaza war

Can Africa one day help feed the world?s growing population?

Global equity supply falls at fastest pace in decades 

Russia is trying to sabotage European railways, warns Prague

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Zach St. Louis, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. 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

Hosted on Acast. See acast.com/privacy for more information.

Lower than expected eurozone inflation number bolsters expectations of ECB interest rate cuts by summer, People?s Liberation Army mobilisation units reflect Xi Jinping?s focus on security, Tesla faces a tough moment, and big investors line up behind management at Disney. 

Mentioned in this podcast:

Eurozone inflation falls to 2.4% in March

Chinese companies revive Mao Zedong-era militias

Where Tesla departs from the Mag 7

The big worry for carmakers: what if the EV slowdown is not a blip?

Bob Iger defeats Nelson Peltz by wide margin in Walt Disney board clash

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Michela Tindera, Cara Shillenn, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. 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.

Hosted on Acast. See acast.com/privacy for more information.

Nato is trying to ?Trump-proof? funding for the war in Ukraine, Thames Water?s owners will start urgent restructuring talks, and birth rates are declining despite wealthy countries investing in family- friendly policies. 

Mentioned in this podcast:

Thames Water owners to begin urgent restructuring talks

Why family-friendly policies don?t boost birth rates

Nato plans $100bn ?Trump-proof? fund for Ukraine

Southern growth spurt creates two-speed eurozone economy

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Michela Tindera, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. 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

Hosted on Acast. See acast.com/privacy for more information.

Three senior members of Iran?s Revolutionary Guards were killed on Monday in an air strike, research institutes in the US and UK will work together to mitigate the risks of AI, and Robinhood gets into the credit card business.

Mentioned in this podcast:

Iran accuses Israel of killing general in strike on Damascus consulate

US and UK sign landmark agreement on testing safety of AI 

Beyond memes: Robinhood seeks to broaden its appeal

Sign up for the FT Alphaville pub quiz!

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Zach St. Louis, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. 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

Hosted on Acast. See acast.com/privacy for more information.

Online fake news and hybrid campaigns increase ahead of European elections, investors are concerned about President Lula?s interventions in the economy, and China?s factory activity has expanded for the first time in six months.

Mentioned in this podcast:

Europe battles ?avalanche of disinformation? from Russia

Luiz Inácio Lula da Silva steps up interventions in Brazil?s largest companies

China?s factory activity adds to signs of recovery

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Zach St. Louis, Ethan Plotkin, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. 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

Hosted on Acast. See acast.com/privacy for more information.

FTX founder Sam Bankman-Fried was sentenced to 25 years in prison for his role in the collapse of the cryptocurrency exchange, and Thames Water shareholders might take a big financial hit. Plus, what instant noodles can tell us about the economy. 

Mentioned in this podcast:

Thames Water shareholders signal readiness to take £5bn hit

FTX founder Sam Bankman-Fried sentenced to 25 years in prison for fraud

Lloyd?s of London chief calls for quick insurance payouts on Baltimore bridge

Oodles of noodles: how a global favourite became an economic red flag

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Ethan Plotkin, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. 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

Hosted on Acast. See acast.com/privacy for more information.

The end of negative interest rates in Japan threatens to bring a new era of volatility for the yen, and Florida and Disney resolve a legal dispute. Plus, US small-cap stocks are suffering their worst run of performance relative to large companies in more than 20 years. 

Mentioned in this podcast:

End of negative interest rates in Japan raises threat of yen volatility

US small-caps suffer worst run against larger stocks in over 20 years

Disney settles lawsuit in Florida theme-park dispute

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Ethan Plotkin, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. 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

Hosted on Acast. See acast.com/privacy for more information.

Shares in Donald Trump?s social media business soared following its New York market debut, and Visa and Mastercard have agreed to cut their US transaction fees. Plus, UBS needs to boost its wealth business to make its Credit Suisse acquisition a success. 

Mentioned in this podcast: 

Donald Trump has $4.6bn stake in social media group after market debut

Visa and Mastercard agree $30bn settlement over US transaction fees

Can UBS become Europe?s Morgan Stanley?

In German groceries, even computers have to obey century-old ban on Sunday work

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Zach St. Louis, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. 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

Hosted on Acast. See acast.com/privacy for more information.

The UN Security Council passed a resolution demanding a ceasefire in Gaza, the Ukraine war distracted Russian security forces from addressing Islamist terrorism threats, and Boeing chief executive Dave Calhoun plans to step down at the end of the year. Plus, the FT?s Antoine Gara explains how infrastructure went from an investment backwater to a $1tn asset class. 

Mentioned in this podcast:

How Ukraine war distracted Moscow from Isis-K threat

Infrastructure: from investment backwater to a $1tn asset class

Israel cancels Washington visit after UN resolution demands Gaza ceasefire

Boeing CEO Dave Calhoun to step down as company battles safety concerns

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Kyra Assibey-Bonsu, Zach St. Louis, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. 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

Hosted on Acast. See acast.com/privacy for more information.

US and Japan?s security alliance gets a makeover, a record amount of money has flooded into US corporate bond markets this year, and India is using a ?quid pro quo? strategy for trade talks. 

Mentioned in this podcast:

US and Japan plan biggest upgrade to security pact in more than 60 years

Investors pour money into US corporate bond funds at record rate

India?s ?quid pro quo? strategy for trade talks

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. 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

Hosted on Acast. See acast.com/privacy for more information.

Democrats have honed in on a novel campaign strategy over the past few election cycles: elevate Trump-backed candidates in GOP primaries, and then blow past them in general elections. So far, the strategy has mostly paid off, but will this risky gamble work in 2024? The FT?s deputy Washington bureau chief, Lauren Fedor, and US managing editor, Peter Spiegel, join to discuss. Credit: Associated Press, WCPO-9

Mentioned in this podcast:

Donald Trump-backed US Senate candidate clinches Republican nomination in Ohio

Sign up for the FT?s Swamp Notes newsletter here

Swamp Notes is produced by Ethan Plotkin, Sonja Hutson, Lauren Fedor and Marc Filippino. Topher Forhecz is the FT?s executive producer. The FT?s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson. 

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Reddit shares soared during its public market debut, US prosecutors filed a landmark antitrust lawsuit against Apple, and the FT?s Sujeet Indap explains why Hertz?s pivot to electric vehicles went awry.

Mentioned in this podcast:

US accuses Apple of building smartphone market monopoly in antitrust case

How Hertz?s bets on Tesla and a Goldman veteran veered off course

Social media site Reddit soars 48% in New York IPO

Get 40% off a digital FT subscription: ft.com/briefingsale

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Kyra Assibey-Bonsu, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. 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

Hosted on Acast. See acast.com/privacy for more information.

The west is focusing on new technology in nuclear energy to reduce reliance on Russia and carbon, and profits at Chinese ecommerce group PDD Holdings soared 146% in three months to December. Plus, price rises in services in the US are making the Federal Reserve?s decision-making over interest rates more complicated.

Mentioned in this podcast:

Macron to revive demands for European defence bonds 

Security concerns fuel nuclear energy renaissance

Has inflation stopped falling?

Temu-owner PDD doubles revenues to cap ?pivotal? year

Get 40% off a digital FT subscription: ft.com/briefingsale

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. 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

Hosted on Acast. See acast.com/privacy for more information.

Microsoft has hired the co-founder of Google?s DeepMind, the Bank of Japan raised interest rates for the first time since 2007, and leading European and UK artificial intelligence start-ups have been lobbied to move their headquarters to rival nations. 

Mentioned in this podcast:

Microsoft hires DeepMind co-founder Mustafa Suleyman to run new consumer AI unit

Bank of Japan ends era of negative interest rates

Unilever to split off ice cream business and cut 7,500 jobs

Rival nations seek to poach top UK and European AI start-ups

Get 40% off a digital FT subscription: ft.com/briefingsale

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. 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

Hosted on Acast. See acast.com/privacy for more information.

Nvidia announced a new ?superchip? and Vladimir Putin?s expected electoral victory is an inflection point for Russia. Plus, the FT?s Heba Saleh explains why young people in Gaza are being called the lost generation. 

Mentioned in this podcast:

Nvidia unveils new ?superchip? in push to continue dominance of AI market

Vladimir Putin cements Russian rule for another six years

The lost future of young Gazans

Get 40% off a digital FT subscription: ft.com/briefingsale

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Zach St. Louis, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. 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

Hosted on Acast. See acast.com/privacy for more information.

Central banks take centre stage this week, Benjamin Netanyahu defies western allies over his strategy in Gaza, and the US National Labor Relations Board is facing challenges from some major companies. Plus, after years of negative news surrounding South Africa, there are grounds for medium-term optimism.

Mentioned in this podcast:

US labour watchdog attracts enemies from Amazon to SpaceX

The bullish case for South Africa

Benjamin Netanyahu defies western allies over Gaza strategy

Central bankers take centre stage

Get 40% off a digital FT subscription: ft.com/briefingsale

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Zach St. Louis, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. 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

Hosted on Acast. See acast.com/privacy for more information.

Union workers used to be a reliable pillar of the Democratic party?s voting coalition. Then Donald Trump arrived on the scene. The FT?s global business columnist, Rana Foroohar, and US labour and equality correspondent, Taylor Nicole Rogers, join this week?s Swamp Notes to examine how President Joe Biden is trying to win workers back, and why unions may decide November?s election. 

Mentioned in this podcast:

America?s most powerful union leaders have a message for capital

Union workers score big pay gains as labour action sweeps US

Sign up for the FT?s Swamp Notes newsletter here

Swamp Notes is produced by Ethan Plotkin, Sonja Hutson, Lauren Fedor and Marc Filippino. Topher Forhecz is the FT?s executive producer. The FT?s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson. 

CREDIT: UAW

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

The UAE is in talks to invest in OpenAI?s chip- making business and an Uber courier makes an app to fight against the company?s algorithms. Plus, a look at how the encrypted messaging app Telegram has become both an important news source and a hotbed of criminal activity. 

Mentioned in this podcast:

Abu Dhabi in talks to invest in OpenAI chip venture 

Telegram: social media giant or the new ?dark web??

The delivery rider who took on his faceless boss

Pre-Order: ?Code Dependent? by Madhumita Murgia 

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Zach St. Louis, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. 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

Hosted on Acast. See acast.com/privacy for more information.

Far-right firebrand Geert Wilders has conceded he will not become prime minister of the Netherlands, Ukraine has stepped up drone strikes on oil refineries deep inside Russia, and a bill to ban TikTok in the US passed the House of Representatives. Plus, Nigeria is in the middle of a currency crisis and the government is blaming Binance for a lot of it.

Mentioned in this podcast:

Geert Wilders announces he will not be PM

Ukraine strikes oil refineries deep inside Russia

US House votes through bill to ban TikTok

Nigeria pushes Binance for user data in stand-off over naira speculation

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. 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

Hosted on Acast. See acast.com/privacy for more information.

The EU and US found some stop-gap funding for weapons for Ukraine, China is scrapping a number of infrastructure projects in indebted regions, and US inflation ticked up unexpectedly. Plus, tension between Beijing and Washington over access to technology has prompted many companies to open factories in south-east Asia. 

Mentioned in this podcast:

EU and US find stop-gap funding for Ukraine weapons

China?s treatment of local debt ?ulcer? threatens growth target

US inflation rises to 3.2% in February

Malaysia: the surprise winner from US-China chip wars

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Breen Turner, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. 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

Hosted on Acast. See acast.com/privacy for more information.

Reddit?s public offering could set the tone for start-ups looking to list in 2024, and the EU wants to give Ukraine up to ?3bn. Plus, there are new plans to deliver aid to Gaza to help the enclave avoid famine. 

Mentioned in this podcast:

Brussels aims to fast track up to ?3bn for Ukraine from frozen Russian assets

Reddit aims to raise more than $500mn in IPO

EU ministers approve ?status quo? rules for gig economy workers 

Can ships carrying aid help avert famine in Gaza?

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Zach St. Louis, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. 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

Hosted on Acast. See acast.com/privacy for more information.

America?s regulators say new rules will help maintain the dominance of US Treasuries, and there are still weaknesses in regional banking a year after the failure of Silicon Valley Bank. Plus, a new Bain & Co report reveals that private equity groups are sitting on a record of unsold assets.

Mentioned in this podcast:

The radical changes coming to the world?s biggest bond market

Number of weak US banks jumps as NYCB stabilised on $1bn capital raise

Dealmaking slowdown leaves private equity with record unsold assets

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Zach St. Louis, Saffeya Ahmed, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. 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

Hosted on Acast. See acast.com/privacy for more information.

Joe Biden was in the spotlight this week as he made his annual State of the Union address. It was his chance to not only speak directly to the American people, but also prove that he?s up to the task of campaigning for re-election. So how did he do? The FT?s US national editor and columnist, Edward Luce, and Washington reporter, Steff Chávez, join us to discuss. 

Mentioned in this podcast:

Joe Biden just kicked off his re-election campaign

Biden attacks Trump in fiery State of the Union speech

Sign up for the FT?s Swamp Notes newsletter here

US Election Countdown newsletter

Swamp Notes is produced by Ethan Plotkin, Sonja Hutson, Lauren Fedor and Marc Filippino. Topher Forhecz is the FT?s executive producer. The FT?s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson. 

CREDIT: PBS, ABC News 

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Instagram overtook TikTok in new app downloads last year, US President Joe Biden announced a plan to set up a port on the coast of Gaza to help facilitate aid delivery to the enclave, and a huge corruption case in Vietnam has captured the country?s attention. Plus, the FT?s Dan McCrum unpacks the mystery behind how Temu took over the retail world. Credit: Temu

Mentioned in this podcast: 

Trial begins for Vietnamese property tycoon accused of $12bn fraud

The mysterious rise of the Chinese ecommerce giant behind Temu

US plans to establish port on Gaza coast to step up aid deliveries

Instagram overtakes TikTok in app downloads in race for new users

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. 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

Hosted on Acast. See acast.com/privacy for more information.

Bayer chief executive Bill Anderson has ruled out a fresh capital increase and Ghana?s finance minister is concerned that the country?s new anti-LGBT+ law will put its international funding at risk. Plus, the FT?s Robin Wigglesworth examines whether private equity is a good fit for Norway?s sovereign wealth fund. 

Mentioned in this podcast:

Bayer chief rules out capital increase as investors slam turnaround plan

Is private equity actually worth it?

Anti-LGBT+ law puts Ghana?s IMF and World Bank funding at risk, finance ministry warns

Nikki Haley ends White House bid but does not endorse Donald Trump

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. 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

Hosted on Acast. See acast.com/privacy for more information.

Chancellor Jeremy Hunt will on Wednesday put a £10bn personal tax cut at the heart of his Budget, and China is setting a 5 per cent growth target for this year. Plus, the FT?s Michael Stott sat down with Argentina?s president Javier Milei to talk about the country?s economy. Credit: AP

Mentioned in this podcast:

Jeremy Hunt set to cut national insurance by 2p in UK Budget

Argentina?s Javier Milei says he doesn?t need congress to save the economy

China sets ?ambitious? 5% growth target and flags risks to economy

Singapore defends exclusive deal for Taylor Swift concerts in south-east Asia

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. 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

Hosted on Acast. See acast.com/privacy for more information.

Gold prices have surged close to record levels, and the EU has fined Apple ?1.8bn as it boosts its fight against Big Tech. Plus, the FT?s Sam Fleming explains whether the Conservatives planned tax cuts will actually affect the outcome of the upcoming UK election. 

Mentioned in this podcast:

Apple hit with ?1.8bn fine for breaking EU law over music streaming

Will Big Tech agree to play by Europe?s rules?

The hard Budget choices facing a cash-strapped UK

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. 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.

Hosted on Acast. See acast.com/privacy for more information.

China has pledged ?computing vouchers? to subsidise its AI startups, Bayer is still struggling to move past its Roundup woes, and an Israeli senior minister visits the White House. Plus, Warren Buffett is sounding the alarm over wildfires and the utilities industry.  

Mentioned in this podcast:

Buffett sounds wildfire alarm as utilities industry enters new era

Bayer slashes dividend by 95% as it steps up effort to cut debt

Bayer?s struggling Roundup court strategy

China offers AI computing ?vouchers? to its underpowered start-ups

Netanyahu allies lash out at Gantz over Washington trip

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Zach St. Louis, Persis Love, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. 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

Hosted on Acast. See acast.com/privacy for more information.

The issue of immigration might be Donald Trump?s biggest political boon ahead of the US election in November, but President Joe Biden went to the US-Mexico border this week to try to change the narrative. The FT?s Houston correspondent, Myles McCormick, and US political news editor, Derek Brower, join this week?s Swamp Notes to examine whose case voters find more convincing. Credit: Fox10, PBS NewsHour

Mentioned in this podcast:

Surge in border crossings creates political upheaval in the US

Joe Biden and Donald Trump head to Texas as immigration debate heats up

Sign up for the FT?s Swamp Notes newsletter here

Swamp Notes is produced by Ethan Plotkin, Sonja Hutson, Lauren Fedor and Marc Filippino. Topher Forhecz is the FT?s executive producer. The FT?s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson. 

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

The cost of Rishi Sunak?s plan to send asylum seekers to Rwanda could exceed £580mn by the end of the decade, and Toyota?s bet on hybrid vehicles has paid off, so far. Plus, the FT?s Samuel Agini explains how Formula One is trying to reinvent itself. Credit: Formula 1; Netflix

Mentioned in this podcast:

Rishi Sunak?s Rwanda asylum scheme could cost UK £580mn, watchdog warns

Was Toyota?s bet on hybrid cars right all along?

Formula One?s growing pains

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. 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

Hosted on Acast. See acast.com/privacy for more information.

Uber chief executive Dara Khosrowshahi has received about $136mn in stock options after hitting a performance target, and Adani is working to push India?s military capabilities. Plus, the FT?s Stephen Foley explains why McKinsey is drawing ire from US lawmakers. 

Mentioned in this podcast:

US Supreme Court will hear Trump presidential immunity appeal

McKinsey-led think-tank advised China on policy that fed US tensions

McKinsey website touted its advice to Chinese government ministries

Adani answers Modi's call to arms

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Vladimir Putin?s forces have rehearsed using tactical nuclear weapons at an early stage of conflict with a major world power and Emmanuel Macron, president of France, has refused to rule out sending troops to Ukraine. Plus, profits for the biggest US oil and gas producers have almost tripled under President Joe Biden, even as the industry berates his administration?s 'hostile' policies.

Mentioned in this podcast:

Leaked Russian military files reveal criteria for nuclear strike

Macron says sending western troops to Ukraine cannot be ruled out

Germany rebuffs Emmanuel Macron on troops in Ukraine and tells Paris to ?supply more weapons?

Oil and gas profits triple under Joe Biden even as industry decries him

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Michela Tindera, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. 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

Hosted on Acast. See acast.com/privacy for more information.

Sweden is set to become a Nato member, the UK Financial Conduct Authority is planning to name firms under investigation at a much earlier stage, and Microsoft has struck a deal with a French artificial intelligence start-up to broaden its involvement in the industry beyond OpenAI.

Mentioned in this podcast:

Sweden overcomes final hurdle to join Nato in historic shift

FCA plans to name firms under investigation in UK deterrence drive

Microsoft strikes deal with Mistral in push beyond OpenAI

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. 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

Hosted on Acast. See acast.com/privacy for more information.

Israel plans to raise debt and taxes to fund its war in Gaza and global house prices are on the rise. Plus, FT correspondent Paola Tamma discusses some of the troubles plaguing the EU?s key pandemic stimulus fund.  

Mentioned in this podcast:

US biotech fundraising boom ends 2-year deal drought

Is the EU?s Covid recovery fund failing?

Global house prices rebound as economists predict turning point 

Israel plans $60bn debt raising and tax rises to fuel defence spending

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Zach St. Louis, Jess Smith, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. 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

Hosted on Acast. See acast.com/privacy for more information.

Former US President Donald Trump is the subject of four criminal cases and several civil suits. That means the presumptive Republican nominee will be spending a lot of time in courtrooms ahead of voting day in November. Still, it looks like all these legal liabilities might be giving him a political boost. The FT?s US legal and defence correspondent, Stefania Palma, and US managing editor, Peter Spiegel, join this week?s Swamp Notes to explain why.

Mentioned in this podcast:

Are US presidents above the law?

Donald Trump?s legal bill and Joe Biden?s cash boost: inside the 2024 money race

Sign up for the FT?s Swamp Notes newsletter here

Swamp Notes is produced by Ethan Plotkin, Sonja Hutson, Lauren Fedor, and Marc Filippino. Topher Forhecz is the FT?s executive producer. The FT?s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson. 

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

The UK and EU will on Friday sign a deal to co-operate more closely in tackling illegal immigration and criminal gangs, and Japan?s Nikkei 225 index hit a record high after 34 years. Plus, the FT?s Alison Killing talks about Russia?s failed rebuilding of the Ukrainian city of Mariupol. 

Mentioned in this podcast:

UK and EU agree to co-operate more closely on migration

Japan?s Nikkei 225 index eclipses record high after 34 years

Inside Mariupol: Russia?s new Potemkin village

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Zach St. Louis, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. 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

Hosted on Acast. See acast.com/privacy for more information.

Nvidia?s net income soared nearly 800 per cent in the latest quarter compared to the same period in 2022, HSBC reported an 80 per cent drop in quarterly profit, and Boeing is replacing the executive in charge of manufacturing its 737 Max aircraft. Plus, Indonesia?s incoming president is creating concerns for the country?s democracy. 

Mentioned in this podcast:

Nvidia declares AI ?tipping point? as quarterly revenues jump 265%

HSBC shares fall most since 2020 after profits plummet 80%

Boeing ousts head of 737 Max programme

What Prabowo Subianto?s presidential election win means for Indonesia

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. 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

Hosted on Acast. See acast.com/privacy for more information.

Donald Trump is losing support from small donors, US lender Capital One has agreed to buy rival Discover Financial for $35.3bn, and Barclays updated investors on its strategy for the first time in eight years. 

Mentioned in this podcast:

Donald Trump?s donor numbers fall by 200,000 compared with 2019

Capital One agrees to buy Discover Financial for $35bn

Barclays to return £10bn to shareholders

Subscribe to the FT US Election Countdown newsletter

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Saffeya Ahmed, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. 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

Hosted on Acast. See acast.com/privacy for more information.

Ukraine withdraws from Avdiivka, lacking weaponry and ammunition, and there are questions about OpenAI?s business model.

Mentioned in this podcast:

Israel?s economy shrank at 20% rate after outbreak of war

Can OpenAI create superintelligence before it runs out of cash? External Link

Battle for Avdiivka tests Ukraine?s new commander

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Josh Gabert-Doyon, Manuela Saragosa, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. 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

Hosted on Acast. See acast.com/privacy for more information.

The European Union plans to hit Apple with a ?500mn fine over music streaming, German companies make record investments in the US, and emerging market investors switch to ETFs that exclude China.

Mentioned in this podcast:

US investors in emerging markets switch to ETFs that exclude China

Navalny?s allies accuse Russian authorities of trying to cover up his death

EU to hit Apple with first ever fine in ?500mn penalty over music streaming

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Zach St. Louis, Josh Gabert-Doyon, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. 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

Hosted on Acast. See acast.com/privacy for more information.

Donald Trump picked plenty of fights with Nato during his time in office. Now, even as war rages in Ukraine, candidate Trump is back at it. But is his aggressive attitude toward Nato resonating with American voters? The FT?s Lauren Fedor and Alec Russell join this week?s Swamp Notes to discuss.

Mentioned in this podcast:

Nato needs to prepare for Trump?s unilateralism on steroids

Donald Trump says Russia can do what it wants to Nato allies who pay too little

Sign up for the FT?s Swamp Notes newsletter here

Swamp Notes is produced by Ethan Plotkin, Sonja Hutson, Lauren Fedor, and Marc Filippino. Topher Forhecz is the FT?s executive producer. The FT?s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson. 

Read a transcript of this episode on FT.com

CREDIT: Comedy Central, Bloomberg Television, Daily Mail

Hosted on Acast. See acast.com/privacy for more information.