FT News Briefing
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Netflix added a record 19mn subscribers in the fourth quarter, fuelled by live sports. US stocks rallied while currencies swung the day after Donald Trump’s inauguration, and TikTok-owner ByteDance plans to spend $12bn on AI chips in 2025. Plus, Chinese citizens’ doubts grow over the government’s economic growth claims. MENTIONED IN THIS PODCAST: Netflix shares jump as it adds record number of subscribers https://on.ft.com/42mV1jS Wall Street stocks climb as investors parse Donald Trump’s executive orders https://on.ft.com/4au6YGA TikTok-owner ByteDance plans to spend $12bn on AI chips in 2025 https://on.ft.com/4jmxwxn Chinese citizens’ doubts grow over official economic growth claims https://on.ft.com/40wlAAG The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian, 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 https://www.ft.com/content/2fbeea7b-c510-4367-abfb-1dbcc98112c5 * Hosted on Acast. See acast.com/privacy https://acast.com/privacy for more information.
Belgium has launched a criminal probe into the DRC’s allegation. Donald Trump is sworn in as US president. Davos leaders reject climate banking group. And Toyota struggles to jumpstart hydrogen car sales. MENTIONED IN THIS PODCAST: Trump and the contest between two visions of democracy https://on.ft.com/4gSOnWV Apple hit by Belgian probe over ‘blood minerals’ in Congo https://on.ft.com/40QngGB Toyota rethinks its bet on hydrogen https://on.ft.com/3E43E8M Dollar tumbles as Trump shies away from trade tariffs https://on.ft.com/4jsqvLB This episode of the FT News Briefing was produced by Josh Gabert-Doyon, Mischa Frankl-Duval, Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian, 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. * Hosted on Acast. See acast.com/privacy https://acast.com/privacy for more information.
Donald Trump will become US president for the second time on Monday. Investors pile into a fund that spreads its assets equally across the S&P 500, as concerns about a tech bubble grow. A hostage and prisoner exchange between Israel and Hamas is underway. Plus, how El Salvador’s President Nayib Bukele became a model for the global far right. MENTIONED IN THIS PODCAST: Donald Trump plans blitz of executive orders for first days in White House https://on.ft.com/4anujte Investors pour billions into S&P equal weight fund as tech fears rise https://on.ft.com/3Ch0jmo Hamas hands over three Israeli hostages as ceasefire begins https://on.ft.com/3E1sztz How El Salvador became a model for the global far right https://on.ft.com/4h0zi5w Trump-backed memecoin value tops $12bn as crypto industry hopes rise https://on.ft.com/40BYfyG Credit: CSPAN The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian, 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 https://www.ft.com/content/aa8b6d70-297f-47a1-bf8c-05adc9406a8a * Hosted on Acast. See acast.com/privacy https://acast.com/privacy for more information.
Not long ago, American corporations were promoting racial justice initiatives and promising to combat climate change. That’s all changed in the months since Donald Trump’s election. The FT’s US financial editor Brooke Masters and tech correspondent Hannah Murphy join this week’s Swamp Notes to explain what’s behind this cultural shift. MENTIONED IN THIS PODCAST: Is corporate America going Maga? https://on.ft.com/3WkYzPI The cravenness of Mark Zuckerberg https://on.ft.com/3PC3HLt Sign up for the FT’s Swamp Notes newsletter here https://ep.ft.com/newsletters/56a64b704f693a0300dfab7e/subscribe Swamp Notes is produced by Ethan Plotkin, Sonja Hutson and Katya Kumkova. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson. CREDIT: Joe Rogan Experience READ A TRANSCRIPT OF THIS EPISODE ON FT.COM https://www.ft.com/content/13c6ab49-161b-431a-824c-759315b3082f * Hosted on Acast. See acast.com/privacy https://acast.com/privacy for more information.
Donald Trump’s Treasury pick Scott Bessent wants to increase sanctions on Russian oil producers, and the FT’s Stephen Gandel unpacks a bumper earnings season from Wall Street’s banks. British companies are buying back their shares at a faster rate than even US groups, and the LA fires are worsening the challenges facing Hollywood. MENTIONED IN THIS PODCAST: Donald Trump’s Treasury pick stresses need for tougher sanctions on Russian oil https://on.ft.com/4jjApyL Donald Trump’s policy pledges unleashing ‘animal spirits’, Wall Street bankers say https://on.ft.com/4g2auZC UK companies outpace US businesses in share buybacks https://on.ft.com/3DZmr56 Fires prompt soul-searching at Hollywood’s dream factories https://on.ft.com/40LnDlL The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian, 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 https://www.ft.com/content/2d28eb3e-5748-4b24-8f1d-23671bb508d3 * Hosted on Acast. See acast.com/privacy https://acast.com/privacy for more information.
Israel and Hamas have agreed a deal to halt the war in Gaza and free the remaining hostages. Wall Street banks notched up profits at the end of last year amid a trading boom, and the FT’s economics editor Sam Fleming explains where things stand with inflation around the world. MENTIONED IN THIS PODCAST: Gaza ceasefire announced after 15 months of war https://on.ft.com/3DXoQgD US earnings latest: Wall Street profits surge on trading boom https://on.ft.com/3E8LbYw Wall Street stocks post biggest rally since Donald Trump’s election victory https://on.ft.com/4jfrhvg The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian, 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 https://www.ft.com/content/6b0b683e-5c12-44c1-a808-e106ccbbb200 * Hosted on Acast. See acast.com/privacy https://acast.com/privacy for more information.
Saudi Aramco is to expand its investments in lithium production, officials in Beijing are discussing using Elon Musk as a broker in a potential sale of TikTok’s US operations, and KPMG could soon begin offering legal services in the US. Plus, Syria has been flooded with imports in the aftermath of Bashar al-Assad’s ousting. MENTIONED IN THIS PODCAST: Saudi Aramco to expand investments in lithium as it diversifies from oil https://on.ft.com/4hbfkVu China discussing using Elon Musk as broker in TikTok deal https://on.ft.com/4gWzlQ6 KPMG readies challenge to US law firms https://on.ft.com/3DRtay7 Syria flooded with Pepsi and Pringles as rulers open economy https://on.ft.com/4jr579w The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian, 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 https://www.ft.com/content/1fee74fc-5113-43df-84f8-a005e85fc5e6 * Hosted on Acast. See acast.com/privacy https://acast.com/privacy for more information.
Goldman Sachs is building a new private credit unit, and Nawaf Salam is named as Lebanon’s new prime minister. China’s trade surplus with the rest of the world reached a record of almost $1tn in 2024, and Amazon races to transplant Alexa’s ‘brain’ with generative AI. MENTIONED IN THIS PODCAST: Goldman Sachs to deepen exposure to booming private credit industry https://on.ft.com/42bgzQo Nawaf Salam is Lebanon’s new prime minister https://on.ft.com/40at1xb China’s trade surplus hits annual record of almost $1tn https://on.ft.com/3BVfFNj Amazon races to transplant Alexa’s ‘brain’ with generative AI https://on.ft.com/4ahppOp The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian, 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 https://www.ft.com/content/ee9bd829-9675-4a95-bb55-769094feb633 * Hosted on Acast. See acast.com/privacy https://acast.com/privacy for more information.
The US is on the cusp of a gas boom and the west hits Venezuelan officials with fresh sanctions. A £1.5bn class action lawsuit against Apple goes to trial in the UK, and US private equity firms may soon have access to people’s retirement savings. MENTIONED IN THIS PODCAST: Gas construction expected to boom this year in the US https://on.ft.com/40uDJQw Venezuelan officials hit with fresh sanctions as Nicolás Maduro begins third term https://on.ft.com/4ace16k Apple £1.5bn class action case kicks off in UK courts https://on.ft.com/40gCD9F Mom and pop pension savers could benefit from private markets, at the right price https://on.ft.com/42cYktJ The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Lulu Smyth, Sonja Hutson, Kasia Broussalian 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 https://www.ft.com/content/4d999fa7-0697-438f-b60b-28c3af674be7 * Hosted on Acast. See acast.com/privacy https://acast.com/privacy for more information.
Donald Trump has an aggressive negotiating method: he makes big threats in order to extract concessions. But now that he’s floated the idea of invading Danish and Panamanian territories this week, America’s allies are especially nervous. The FT’s Nordic and Baltic bureau chief Richard Milne and US national editor and columnist Ed Luce join Swamp Notes to discuss Trump’s imperial ambitions. MENTIONED IN THIS PODCAST: Why Donald Trump wants Greenland https://on.ft.com/4h9kMYZ Trump, Greenland and the rebirth of the Monroe Doctrine https://on.ft.com/4fYcoKS Donald Trump’s careless talk https://on.ft.com/3BYaNH7 Sign up for the FT’s Swamp Notes newsletter here https://ep.ft.com/newsletters/56a64b704f693a0300dfab7e/subscribe Swamp Notes is produced by Ethan Plotkin, Kasia Broussalian, 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 https://www.ft.com/content/c919fcd1-83c8-4444-8875-98f508fc5d5e * Hosted on Acast. See acast.com/privacy https://acast.com/privacy for more information.
The EU is preparing for president-elect Donald Trump to roll back his predecessor’s executive orders, bond markets have entered a new era of antagonism with governments, and insurers are bracing for losses of as much as $20bn from wildfires in Los Angeles. Plus, Elon Musk has privately discussed with allies how Sir Keir Starmer could be removed as UK prime minister before the next general election. MENTIONED IN THIS PODCAST: EU fears Trump rolling back Biden-era measures https://on.ft.com/4fX11CW Bond market ‘police’ are back as investors patrol spending plans https://on.ft.com/40boZ7v Insurers brace for losses of up to $20bn from California wildfires https://on.ft.com/4adFogh Musk examines how to oust Starmer as UK prime minister before next election https://on.ft.com/3C5zPnD Resold tickets prices set to be capped under UK tout crackdown https://on.ft.com/3Wdu1zv The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian 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 https://www.ft.com/content/df8c383a-f110-4b02-8cf3-ee94416a257b * Hosted on Acast. See acast.com/privacy https://acast.com/privacy for more information.
EU leaders warn Donald Trump not to meddle with the continent’s territories, and Wall Street analysts are betting Citigroup will miss a critical long-term target next week. Indonesia is maintaining its ban on iPhone 16 sales despite Apple's $1bn investment proposal, and China is signing growing numbers of Taiwanese people up for local IDs in a drive to incorporate them into its society. MENTIONED IN THIS PODCAST: EU leaders warn Donald Trump not to meddle with Europe’s borders https://on.ft.com/40b4HeA Indonesia says $1bn offer from Apple not enough to lift iPhone 16 ban https://on.ft.com/4j3Ytpj Wall Street doubts Citi chief Jane Fraser can hit crucial target https://on.ft.com/3WdIaN4 China’s drive to give Taiwanese visitors local IDs alarms Taipei https://on.ft.com/4fT58zX Mexico’s president calls for parts of US to be renamed ‘Mexican America’ https://on.ft.com/3C1rNw4 The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian 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 https://www.ft.com/content/ed272c46-51a6-4c54-bcf4-83653c25f469 * Hosted on Acast. See acast.com/privacy https://acast.com/privacy for more information.
China’s airlines are rapidly expanding into Europe, and we take a look at what’s next for Canada’s Liberal party following Prime Minister Justin Trudeau’s resignation. Plus, Meta ends third-party fact-checking and Wall Street bankers gear up for an IPO revival. MENTIONED IN THIS PODCAST: Chinese airlines rush into Europe as western carriers retreat https://on.ft.com/3W9pptT Praised abroad, troubled at home: Canada’s political ‘prince’ bows out https://on.ft.com/3W8DFmQ Meta ends third-party fact-checking scheme as it prepares for Trump return https://on.ft.com/40kkokS US set for IPO comeback as private equity firms seek to offload holdings https://on.ft.com/4a9gEG5 The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian, 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 https://www.ft.com/content/56ae003a-edff-41c7-8ac1-77d85cc8250c * Hosted on Acast. See acast.com/privacy https://acast.com/privacy for more information.
Justin Trudeau is resigning as Canadian Prime Minister, and Germany’s solar power industry is in trouble. US bankruptcy filings hit their highest rate in 14 years, and the People’s Bank of China has announced a major policy overhaul as pressures on the economy mount. MENTIONED IN THIS PODCAST: US Corporate bankruptcies hit 14 year high https://on.ft.com/4fLgnKz Canadian Prime Minister Justin Trudeau announces resignation https://on.ft.com/422iaaT German solar sector in distress as glut of panels heaps pressure on industry https://on.ft.com/4gOgBC7 China’s central bank plans policy overhaul as pressure mounts on economy https://on.ft.com/4j7N87F Credit: BBC News The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian, 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 https://www.ft.com/content/965b6b42-078c-470a-b4ad-db895f8734a9 * Hosted on Acast. See acast.com/privacy https://acast.com/privacy for more information.
Eurozone economists warn the European Central Bank has been too slow to cut interest rates, and US Steel faces a bleak outlook after President Biden’s decision to block its sale. UK businesses plan price increases as the Budget drives up costs, and CrowdStrike has more than recovered the $30bn in market value it shed last year. Plus, China’s movie theatres are in crisis. MENTIONED IN THIS PODCAST: ECB has been too slow to cut rates, Eurozone economists warn https://on.ft.com/4j1VSwc Joe Biden blocks Nippon Steel’s $15bn takeover of US Steel https://on.ft.com/3C05eYD UK businesses plan price increases as Budget drives up costs https://on.ft.com/403VioX CrowdStrike bounces back after triggering largest IT outage in history https://on.ft.com/40i07fD China’s box office takings drop by a quarter as viewers turn to streaming https://on.ft.com/3W82Tlk The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian 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 https://www.ft.com/content/96d04001-0729-466c-bb09-e6381f3714db * Hosted on Acast. See acast.com/privacy https://acast.com/privacy for more information.
Elon Musk’s first big foray into politics was a success — he used his world-leading fortune and mass media platform to help Donald Trump regain the White House. But now, just weeks before Trump’s inauguration, some Republicans are pushing back against Musk’s influence. The FT’s Washington correspondent Joe Miller and US business and politics correspondent Alex Rogers join this week’s Swamp Notes to discuss how Musk is navigating a future in Washington. MENTIONED IN THIS PODCAST: Top Democrats warm to Elon Musk’s US government cost-cutting mission https://on.ft.com/40hxgYO Elon Musk’s fight with Maga reveals split on immigration within Trump’s circle https://on.ft.com/3PmA80i Sign up for the FT’s Swamp Notes newsletter here https://ep.ft.com/newsletters/56a64b704f693a0300dfab7e/subscribe Swamp Notes is mixed by Samantha Giovinco and 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: Bannons_WarRoom/X READ A TRANSCRIPT OF THIS EPISODE ON FT.COM https://www.ft.com/content/8ec851a2-6b97-44fa-ba6c-3d1be68cb266 * Hosted on Acast. See acast.com/privacy https://acast.com/privacy for more information.
Tesla’s annual vehicle deliveries declined for the first time in more than a decade, and China’s BYD hit a milestone. Crypto chief Do Kwon makes his first US court appearance to face criminal charges. The rerouting of global trade from China to ports elsewhere in Asia is shrinking the size of vessels, and climate change is redrawing Europe’s wine map. MENTIONED IN THIS PODCAST: Ex-crypto chief Do Kwon brought to New York to face fraud charges https://on.ft.com/4fYmkUV China’s electric-vehicle leader BYD posts record sales in 2024 https://on.ft.com/4iSFHBc Tesla’s annual deliveries drop for first time since 2011 https://on.ft.com/3BQd9Yw Shipowners switch to smaller vessels as world trade reroutes from China https://on.ft.com/420hdQu How climate change is redrawing Europe’s wine map https://on.ft.com/3W3Y6S1 The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian 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 https://www.ft.com/content/bd94d5fc-c0d6-4d07-be82-03a61a2e0a53 * Hosted on Acast. See acast.com/privacy https://acast.com/privacy for more information.
The UK’s financial watchdog has failed to remove illegal crypto adverts, and in Japan, shareholder activists are waking companies up from decades of slumber. Plus, the number of active US venture capital firms has dropped by more than a quarter since 2021, and the FT’s Martin Wolf interviews European Central Bank president Christine Lagarde on the bloc’s economic recovery from Covid-19. MENTIONED IN THIS PODCAST: FCA fails to hit firms after half of banned crypto adverts remain online https://on.ft.com/4gxRvrd Activists push Japan Inc to its ‘great tipping point’, says Suntory head https://on.ft.com/4gAWLKy Number of US venture capital firms falls as cash flows to tech’s top investors https://on.ft.com/4j1QlWz Martin Wolf interviews Christine Lagarde: Whither Europe? https://on.ft.com/41UjDA8 The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian 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 https://www.ft.com/content/cffd0b4f-577d-4dc7-a021-1ea556f7bf2d * Hosted on Acast. See acast.com/privacy https://acast.com/privacy for more information.
US stocks dropped for the second straight trading session, the Biden administration said it will unleash almost $6bn in additional aid to Ukraine, and South Korea plans to inspect all B737-800 Boeing aircraft operated by domestic airlines after a passenger jet crashed. Plus, US asset managers are gobbling up business from their European rivals and the nightclub business is in decline. MENTIONED IN THIS PODCAST: US stocks slip in broad pullback as investors cash in on 2024 gains https://on.ft.com/40chZbV US to send Ukraine $6bn in fresh military and budget assistance https://on.ft.com/3WnP56v South Korea to inspect all Boeing B737-800 aircraft after crash https://on.ft.com/3W0561X The relentless advance of American asset managers in Europe https://on.ft.com/40c6pgO Who killed the rave? Late-night dancing falls into global decline https://on.ft.com/3DEZxA0 The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian 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 https://www.ft.com/content/760c6ba0-75ee-4cce-bea8-69964e1276ad * Hosted on Acast. See acast.com/privacy https://acast.com/privacy for more information.
Defaults on US credit card loans have hit the highest level since the wake of the 2008 financial crisis, and as payment fraud rises, banks and tech companies disagree on who should cover consumer losses. Syria’s caretaker government has said it could take up to four years for the country to hold elections. Plus, how Hitachi’s plan to monetize industrial data has revived its fortunes. MENTIONED IN THIS PODCAST: US credit card defaults jump to highest level since 2010 https://on.ft.com/4iOmr89 Who should foot the bill for cyber scams? https://on.ft.com/3W1nBDs Syrian elections may not be held for 4 years, says de facto leader https://on.ft.com/4iWVZsP ‘Monetising data’: how Hitachi has soared with bets on AI future https://on.ft.com/4gCdCwG The FT News Briefing is produced by Niamh Rowe, Persis Love, Fiona Symon, Sonja Hutson, Kasia Broussalian 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 https://www.ft.com/content/3aae4080-a2d9-4de2-95f0-55c8c17304ea * Hosted on Acast. See acast.com/privacy https://acast.com/privacy for more information.
Are the Democrats doomed? Which world leaders are happiest to see Trump back in the White House? And why are investors flooding into American stocks? The FT’s US managing editor Peter Spiegel and global business columnist Rana Foroohar answer all of your questions after a wild year in US politics. MENTIONED IN THIS PODCAST: Trump team aims to bankrupt Iran with new ‘maximum pressure’ plan https://on.ft.com/3VNLiPp How ‘the mother of all bubbles’ will pop https://on.ft.com/3VNFKod Sign up for the FT’s Swamp Notes newsletter here https://ep.ft.com/newsletters/56a64b704f693a0300dfab7e/subscribe 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 https://www.ft.com/content/2715576e-66d8-433a-9621-02dea89839df * Hosted on Acast. See acast.com/privacy https://acast.com/privacy for more information.
A number of cryptocurrency-focused hedge funds are outpacing their rivals, the Bank of England holds interest rates at 4.75 per cent, and Microsoft has partnered with a utility company to restart a controversial reactor at Three Mile Island. MENTIONED IN THIS PODCAST: Hedge funds cash in on Trump-fuelled crypto boom https://on.ft.com/3ZIx1oq Bank of England holds interest rates at 4.75% https://on.ft.com/4iJgY23 Behind the Money: How the AI boom is reviving Three Mile Island https://podcasts.apple.com/us/podcast/behind-the-money/id1376303362?i=1000680778363 The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian 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 https://www.ft.com/content/59fc0f0c-01ae-4eac-ba73-c3d2b73853b3 * Hosted on Acast. See acast.com/privacy https://acast.com/privacy for more information.
The Federal Reserve cuts interest rates by a quarter-point but signals a slower pace of easing, and we look back at what central banks learned in 2024. The US Supreme Court says it will hear TikTok’s appeal against a divest-or-ban law, and Honda-Nissan talks aim to rescue Japan’s fragmented automotive industry. MENTIONED IN THIS PODCAST: Fed cuts rates by a quarter-point but signals slower pace of easing https://on.ft.com/3DmbWZn Five central banking lessons for 2024 https://on.ft.com/4gDjAwB US Supreme Court to hear arguments challenging law that could ban TikTok https://on.ft.com/49IiIEW Honda-Nissan merger talks mark Japan Inc’s new consolidate-to-survive mood https://on.ft.com/4gGFW0l The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Marine Saint, 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 https://www.ft.com/content/f6d3e227-ace1-430d-bc68-8d981e4aa692 * Hosted on Acast. See acast.com/privacy https://acast.com/privacy for more information.
Argentina emerged from a severe recession in the third quarter, Microsoft buys twice as many of Nvidia’s chips as any of its largest rivals, KPMG narrows the gap with the other Big Four firms, and Huawei sets sights on becoming a big supplier to the electric car industry. Plus, pub chains express frustration over shortages of Guinness in the run-up to Christmas. MENTIONED IN THIS PODCAST: Microsoft acquires twice as many Nvidia AI chips as tech rivals https://on.ft.com/4fqJi6F Argentina’s economy exits recession in milestone for Javier Milei https://on.ft.com/3P1ji70 KPMG outpaces Big Four rivals as audit and tax units shine https://on.ft.com/4gfBLsw ‘A different animal’: inside Huawei’s nascent EV business https://on.ft.com/41HrG39 Diageo ‘better get brewing’, says Wetherspoons head amid Guinness shortage https://on.ft.com/49IVrme The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian 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 https://www.ft.com/content/d32312e4-2c9e-4e7c-9ed2-0e8e7377d2cc * Hosted on Acast. See acast.com/privacy https://acast.com/privacy for more information.
Japan’s SoftBank unveils $100bn US investment plans, fervour around Nvidia cools as investors look to AI’s next winners, and Europe launches its most ambitious space programme in a decade. Plus, in Syria, Kurdish groups fear they may be worse off under a rebel-led government. MENTIONED IN THIS PODCAST: Japan’s SoftBank pledges $100bn investment in US https://on.ft.com/4frDUjv After Nvidia’s boom, what’s next for AI-related stocks? https://on.ft.com/3OXZh1d Europe signs €10.6bn Iris² satellite deal in bid to rival Elon Musk’s Starlink https://on.ft.com/3VGzvm0 Syria’s Kurds fear US betrayal under Donald Trump https://on.ft.com/3ZTdtyK Credit: AP Send us your questions for Swamp Notes! Write to ethan.plotkin@ft.com. The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Marine Saint, 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 https://www.ft.com/content/c19341eb-dd52-4c94-ab9a-4c292b9fb0d2 * Hosted on Acast. See acast.com/privacy https://acast.com/privacy for more information.
Germany’s Olaf Scholz is expected to lose a confidence vote in parliament on Monday, and Arm and Qualcomm’s bitter legal feud over chip design licensing is heading to trial. The London Stock Exchange is on course for its worst year for departures since the financial crisis. Plus, investors’ appetite for juicy returns has triggered a big boom on Wall Street in complex financial products. MENTIONED IN THIS PODCAST: Olaf Scholz faces confidence vote — and hopes to lose it https://on.ft.com/49AaNcN Wall Street’s complex debt bonanza hits fastest pace since 2007 https://on.ft.com/3DddDIm London Stock Exchange suffers biggest exodus since financial crisis https://on.ft.com/3ZFLoJQ Chip groups Arm and Qualcomm square off in high-stakes US trial https://on.ft.com/3VF62sE ‘No political authority’: South Korea’s interim leader faces daunting task https://on.ft.com/49DSXp4 Send us your questions for Swamp Notes! Write to ethan.plotkin@ft.com. The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian 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 https://www.ft.com/content/f9e3b29a-341f-412d-9f25-281606158163 * Hosted on Acast. See acast.com/privacy https://acast.com/privacy for more information.
Europe has been able to predictably lean on the US for decades. But Donald Trump used tariffs and other economic threats to test those assumptions in his first term, and he looks set to do so again. The FT’s EU correspondent Andy Bounds and US climate correspondent Aime Williams join to discuss how the EU is preparing (again) for a more confrontational America. MENTIONED IN THIS PODCAST: EU strikes blockbuster trade deal with Mercosur https://on.ft.com/41xcMMI EU commissioner pitches ‘Europe first’ in response to Donald Trump https://on.ft.com/4izzkTe Sign up for the FT’s Swamp Notes newsletter here https://ep.ft.com/newsletters/56a64b704f693a0300dfab7e/subscribe Questions about US politics for next week’s Swamp Notes? Email them to ethan.plotkin@ft.com. 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 https://www.ft.com/content/d31bfb90-9042-4da3-8b0e-8492511a27d5 * Hosted on Acast. See acast.com/privacy https://acast.com/privacy for more information.
HSBC is reviewing its retail banking operations outside the UK and Hong Kong, and the European Central Bank cut interest rates by a quarter-point to 3 per cent. The FT’s markets columnist Katie Martin provides a few insights for investing in 2025. Plus, human referees are set to be increasingly phased out as machines become more efficient at making critical decisions in sport. MENTIONED IN THIS PODCAST: HSBC reviews retail banking outside UK and Hong Kong https://on.ft.com/3BstbHI Donald Trump election win sparks trading surge for banks and brokers https://on.ft.com/3ZSFSFn ECB lowers rates to 3% and paves way for more cuts https://on.ft.com/4ivFiVf In sport, the race is on to let technology decide who wins https://on.ft.com/41xO3rI Send us your questions for Swamp Notes! Write to ethan.plotkin@ft.com. The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian 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 https://www.ft.com/content/79b4b9ed-66d5-4c2b-bdcc-a0d5f146f850 * Hosted on Acast. See acast.com/privacy https://acast.com/privacy for more information.
European Nato members are holding talks about increasing the alliance’s target for defence spending, Microsoft’s artificial intelligence head Mustafa Suleyman is building a team focused on consumer health, and US inflation ticked up to 2.7 per cent last month. Plus, new regulations on human rights are forcing global companies to address concerns about modern slavery and tackle problems in their supply chains. MENTIONED IN THIS PODCAST: Nato’s European members discuss 3% target for defence spending https://on.ft.com/4fc4iOq Microsoft’s Suleyman hires ex-DeepMind staff for AI health unit https://on.ft.com/3ZuWZeW US inflation rose to 2.7% in November https://on.ft.com/4gwJulB New rules sharpen investment focus on modern slavery https://on.ft.com/41pcMP1 Fifa set to confirm Saudi Arabia as host of 2034 World Cup https://on.ft.com/41sjVOm The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian 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 https://www.ft.com/content/97762508-4070-4e4f-9e72-5e4cc34de60c * Hosted on Acast. See acast.com/privacy https://acast.com/privacy for more information.
Qatar’s sovereign wealth fund prepares for a petrodollar windfall, while oil majors scale back their $18bn power generation push. Israeli Prime Minister Benjamin Netanyahu begins testifying in a corruption trial, and public pension schemes and sovereign wealth funds plan to pour more money into private markets over the coming year. MENTIONED IN THIS PODCAST: Qatar’s $500bn wealth fund targets bigger deals as LNG windfall looms https://on.ft.com/3VzcjpL BP and Shell rein in electricity ambitions to escape ‘valley of death’ https://on.ft.com/3Bd878e Benjamin Netanyahu arrives in court to testify in corruption trial https://on.ft.com/3B9oym0 Public pension plans and wealth funds to invest more in private markets https://on.ft.com/3ZvUFnJ The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian 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 https://www.ft.com/content/1e491bd5-2b9e-4263-a90c-34757bb7bb69 * Hosted on Acast. See acast.com/privacy https://acast.com/privacy for more information.
