FT News Briefing

Global equities rallied and oil prices fell after an agreement to reopen the Strait of Hormuz, and hedge funds are betting against the debt and equity of some of Europe's largest carmakers. Plus, a Russian online sabotage network was behind a series of arson attacks on Sir Keir Starmer's family home and other targets linked to the UK prime minister.Mentioned in this podcast:Stocks surge as US-Iran deal ignites global rallyHedge funds bet against European carmakers on Chinese competition fearsArson targeting Keir Starmer properties originated in RussiaWant to get in touch? Email us at podcasts@ft.comNote: The FT does not use generative AI to voice its podcasts The FT News Briefing is produced by Victoria Craig, Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Fiona Symon. Our editor is Marc Filippino. Our show is mixed by Kelly Garry and Alex Higgins. Additional help from Michela Tindera, Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our intern is Cole van Miltenburg. Our executive producer is Topher Forhecz. Flo Phillips is the FT's global head of audio. The show's theme music is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The leaders of the US and Iran will sign an agreement on Friday to reopen the Strait of Hormuz, and the annual G7 summit kicks off today. SpaceX's blockbuster IPO tells us a lot about Wall Street's appetite for tech listings, and the New York Knicks won the NBA championship for the first time since 1973. Mentioned in this podcast:Trump says Iran and US agree deal to open Strait of Hormuz and extend ceasefireEmmanuel Macron and Donald Trump test their bruised bromance at G7 summitWall Street digests record fundraising haul as AI race intensifiesSpaceX's surge on debut makes Elon Musk world's first trillionaireNew York Knicks' winning streak should rub off on its owner tooRegister for FT Weekend Festival hereWant to get in touch? Email us at podcasts@ft.comNote: The FT does not use generative AI to voice its podcasts The FT News Briefing is produced by Victoria Craig, Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Fiona Symon. Our editor is Marc Filippino. Our show was mixed by Alex Higgins and Kelly Garry. Additional help from Peter Barber, Gavin Kallmann, Michael Lello and David da Silva. Our intern is Cole van Miltenburg. Our executive producer is Topher Forhecz. Flo Phillips is the FT's global head of audio. The show's theme music is by Metaphor Music. Hosted on Acast. See acast.com/privacy for more information.

With a week to go until Makerfield heads to the polls in what may turn out to be the most consequential by-election in British history, host Lucy Fisher, northern England correspondent Jen Williams and deputy political editor Jim Pickard are on the ground hearing from voters in the seat. Polls and bookmakers confidently predict an Andy Burnham victory but they discuss whether that narrative is too neat and what issues are really shaping voters' choices. The result could determine not just who represents Makerfield, but also the future of the country if Burnham wins and successfully challenges Sir Keir Starmer for the premiership. Plus, they weigh up the shock resignation of defence secretary John Healey who has blasted Starmer's government for being “unwilling” to commit sufficient resources to protecting the country.Follow: Lucy @LOS_Fisher or @lucyfisher.ft.com; Jen @JenWilliams_FT or @jenwilliamsft.bskyb.social; Jim on @PickardJE or @pickardje.bskyb.socialWant more? John Healey: the ex-trade unionist who privately battled the TreasuryAndy Burnham rules out cash for Waspi women after Labour backlash‘Pure racism': East Belfast reels from riots led by masked young menKeir Starmer weakened by John Healey's scathing resignation The joke that deepened Keir Starmer and Andy Burnham's toxic riftSign up here for Stephen Bush's morning newsletter Inside Politics for straight-talking insight into the stories that matter, plus puns and tongue (mostly) in cheek views. Get 30 days free.Political Fix was presented by Lucy Fisher and produced by Persis Love and Nisha Patel. Manuela Saragosa is the executive producer. Original music and sound engineering by Breen Turner. The FT's global head of audio is Flo Phillips.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

SpaceX has raised $75bn in a record-breaking initial public offering, and the European Central Bank became the first central bank in the G7 to increase borrowing costs in response to the Middle East energy shock. Plus, the World Cup could have a lot of empty seats. Mentioned in this podcast:Elon Musk's SpaceX raises $75bn in world's biggest IPOECB raises interest rates for first time since 2023Fifa faces empty seats as 180,000 World Cup tickets hit resale marketCredit: New York City Mayor's Office, European Central BankWant to get in touch? Email us at podcasts@ft.comNote: The FT does not use generative AI to voice its podcasts The FT News Briefing is produced by Victoria Craig, Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Fiona Symon. Our editor is Marc Filippino. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann, Michael Lello and David da Silva. Our intern is Cole van Miltenburg. Our executive producer is Topher Forhecz. Flo Phillips is the FT's global head of audio. The show's theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

France and Germany are discussing proposals for a radical overhaul of the EU's 15-year-old diplomatic service, and the most recent US inflation report is putting pressure on President Donald Trump to extend the ceasefire with Iran. Plus, can Australia fix its housing crisis? Mentioned in this podcast:EU countries weigh ‘tearing apart' bloc's diplomatic serviceUS and Iran exchange strikes after downing of American helicopterDonald Trump suggests he may not renew trade deal with Mexico and CanadaAustralia tries to fix its housing crisis. Will it work?Register for FT Weekend Fest hereWant to get in touch? Email us at podcasts@ft.comNote: The FT does not use generative AI to voice its podcasts The FT News Briefing is produced by Victoria Craig, Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Fiona Symon. Our editor is Marc Filippino. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann, Michael Lello and David da Silva. Our intern is Cole van Miltenburg. Our executive producer is Topher Forhecz. Flo Phillips is the FT's global head of audio. The show's theme music 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 has launched new strikes on Iran, Ireland's burning through its corporate tax bonanza, and the European Central Bank is trying to rein in fintech Revolut's “self-guided missiles” in the region. Plus, the FT's George Hammond breaks down whether public market investors believe Elon Musk's SpaceX can reach its ambitious goals ahead of its initial public offering. Mentioned in this podcast:Ireland told to rein in spending of corporate tax windfallECB moved to rein in Revolut's ‘self-guided missiles' in EuropeSpaceX's $1.78tn IPO asks investors to buy Musk's moonshotsWant to get in touch? Email us at podcasts@ft.comNote: The FT does not use generative AI to voice its podcasts The FT News Briefing is produced by Victoria Craig, Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Fiona Symon. Our editor is Marc Filippino. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann, Michael Lello and David da Silva. Our intern is Cole van Miltenburg. Our executive producer is Topher Forhecz. Flo Phillips is the FT's global head of audio. The show's theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

OpenAI filed to go public, Wall Street stocks rebounded on Monday, and top BP investors and former executives are concerned the UK oil major may lose momentum in its restructuring plan. Plus, Israel's strikes on Lebanon are putting the US between a rock and a hard place.Mentioned in this podcast:OpenAI files to go public in blockbuster listingWall Street stocks rebound after AI-led routBP investors push for clarity over ousting of chairIsrael attacks Beirut days after Trump's showdown with NetanyahuDonald Trump and Benjamin Netanyahu replay 1982 Beirut stand-offSam Bankman-Fried seeks Trump pardonUnhedged podcastWant to get in touch? Email us at podcasts@ft.comNote: The FT does not use generative AI to voice its podcasts The FT News Briefing is produced by Victoria Craig, Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Fiona Symon. Our editor is Marc Filippino. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann, Michael Lello and David da Silva. Our intern is Cole van Miltenburg. Our executive producer is Topher Forhecz. Flo Phillips is the FT's global head of audio. The show's theme music is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Iran and Israel trade fire testing a two-month ceasefire, and Chinese President Xi Jinping arrives in Pyongyang for his first trip to North Korea in seven years. Plus, software buyout deals have collapsed to the lowest levels since the Covid-19 pandemic, and the head of the OECD has warned governments around the world not to go it alone in taxing large multinationals.Mentioned in this podcast:Israel launches retaliatory air strikes on IranTrump says Netanyahu will have ‘no choice' but to accept a deal with IranSoftware buyout deals collapse to lowest level since pandemic after AI routXi Jinping heads to North Korea for first trip in 7 yearsOECD chief urges governments not to go it alone on digital taxationWant to get in touch? Email us at podcasts@ft.comNote: The FT does not use generative AI to voice its podcasts The FT News Briefing is produced by Victoria Craig, Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Fiona Symon. Our editor is Marc Filippino. Our show was mixed by Alex Higgins. Additional help from Peter Barber. Our intern is Cole van Miltenburg. Our executive producer is Topher Forhecz. Flo Phillips is the FT's global head of audio. The show's theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

SpaceX will go public next week with the largest retail allocation ever attempted in a megacap IPO, and India's viral Cockroach Janta Party is challenging Prime Minister Narendra Modi. Plus, the FT's Ciara Nugent explains the safety concerns swirling around World Cup host city Guadalajara as the tournament approaches.Mentioned in this podcast:Elon Musk's SpaceX lines up retail investors for record IPO allocationIndia's viral ‘cockroach party' challenges Narendra ModiIndia's ‘cockroach' party founder plans protests over exam furoreThe Mexican cartel stronghold preparing to host the World CupWorld Cup sparks betting battle between bookmakers and prediction marketsWant to get in touch? Email us at podcasts@ft.comNote: The FT does not use generative AI to voice its podcasts The FT News Briefing is produced by Victoria Craig, Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Fiona Symon. Our editor is Marc Filippino. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann, Michael Lello and David da Silva. Our intern is Cole van Miltenburg. Our executive producer is Topher Forhecz. The show's theme music is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Saudi Arabia's wealth fund is swapping foreign CEOs for local ones and Reed Hastings officially steps down from the board of Netflix. Plus, FT-Nikkei names Boston as the best US city for foreign investment. Mentioned in this podcast:​​Saudi wealth fund replaces foreign CEOs with localsNetflix's Reed Hastings: an icon of good leadership and bad governanceBoston tops FT-Nikkei ranking as global companies seek skilled workersAmericans lead AI data centre backlash, global poll findsWant to get in touch? Email us at podcasts@ft.comNote: The FT does not use generative AI to voice its podcasts The FT News Briefing is produced by Victoria Craig, Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Fiona Symon. Our editor is Marc Filippino. Our show was mixed by Sam Giovinco. Additional help from Gavin Kallmann, Michael Lello and David da Silva. Our intern is Cole van Miltenburg. Our executive producer is Topher Forhecz. The show's theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

President Donald Trump has signed an executive order that creates a “voluntary framework” for the US to gain early access to cutting-edge AI models, and the conviction of short seller Andrew Left may change how investors take positions. Plus, gold has overtaken US Treasuries as the world's top reserve asset, and we'll look at how Deutsche Bank moved past its reputation as the sick bank of Europe. Mentioned in this podcast:Donald Trump signs watered-down AI vetting order after Maga infightingShort seller Andrew Left found guilty of securities fraudGold replaces US Treasuries as world's top reserve asset, ECB saysHow Deutsche Bank learned to stop chasing AmericaShipping tycoon prefers $200,000 fee to cross Strait of Hormuz to ‘this hassle'Want to get in touch? Email us at podcasts@ft.comNote: The FT does not use generative AI to voice its podcasts The FT News Briefing is produced by Victoria Craig, Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Fiona Symon. It was edited and hosted by Marc Filippino. Our show is mixed by Sam Giovinco. Additional help from Gavin Kallmann, Michael Lello and David da Silva. Our intern is Cole van Miltenburg. Our executive producer is Topher Forhecz. The show's theme music 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 is in talks to expand nuclear weapons deployments in Europe, and Anthropic might make its powerful cyber security tool Mythos available outside the US and the UK. Plus, Iran suspended peace talks with Washington, and the FT's Oliver Barnes explains the significance of Berkshire Hathaway's first major acquisition since Warren Buffett's retirement. Mentioned in this podcast:US in talks to expand nuclear weapons deployments in EuropeAnthropic offers EU access to MythosEU pushes for ‘tech sovereignty' to cut reliance on USIran suspends peace talks and threatens ‘closure' of Strait of HormuzBerkshire buys homebuilder Taylor Morrison for $8.5bn in Abel's first big dealWant to get in touch? Email us at podcasts@ft.comNote: The FT does not use generative AI to voice its podcasts Today's FT News Briefing was produced by Katya Kumkova and Saffeya Ahmed. It was edited and hosted by Marc Filippino. Our show was mixed by Sam Giovinco. Additional help from Gavin Kallmann. Our intern is Cole van Miltenburg. Our executive producer is Topher Forhecz. The show's theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Intel wants to challenge rivals with a new AI chip, young people are sceptical of artificial intelligence, the inflation shock from the US-Israeli war on Iran is set to fall short of the 2022 price surge, and the EU is worried as China builds an industrial base in Morocco. Plus, Colombians went to the polls yesterday to vote for their next president. Mentioned in this podcast:Intel targets Nvidia with new AI chip by year end‘More harmful than helpful': young people sour on AIIran war inflation shock set to fall short of 2022 surgeEU frets as China builds an industrial base in MoroccoColombia vote to deliver verdict on leftist experimentWant to get in touch? Email us at podcasts@ft.comNote: The FT does not use generative AI to voice its podcasts Today's FT News Briefing was hosted by Victoria Craig. It was produced by Katya Kumkova and Saffeya Ahmed. Our show was mixed by Alex Higgins. Additional help from Peter Barber. Our executive producer is Topher Forhecz. The show's theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Washington is nearing a deal to extend its ceasefire with Iran by 60 days, and investors are rushing to gain exposure to SpaceX in a “speculative frenzy” ahead of its expected IPO. Plus, Benjamin Netanyahu has directed the Israeli military to take control of at least 70 per cent of Gaza, and Robinhood is launching a feature that will enable clients to use AI chatbots for share trading. Mentioned in this podcast:Washington nearing deal to extend Iran ceasefire, US officials sayInvestors race to get exposure to SpaceX ahead of IPOBenjamin Netanyahu orders Israeli forces to take control of 70% of GazaRobinhood to let investors use AI chatbots for share tradingWant to get in touch? Email us at podcasts@ft.comNote: The FT does not use generative AI to voice its podcasts Today's FT News Briefing was hosted by Sonja Hutson and produced by Katya Kumkova. Our show was mixed by Sam Giovinco. Additional help from Gavin Kallmann, Michael Lello and David da Silva. Our executive producer is Topher Forhecz. The show's theme music is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Oil prices fell sharply after Iranian state television broadcast details of a peace proposal, mass drone production has turned the war effort around for Ukraine, and the European Central Bank warned US President Donald Trump risks triggering a financial crisis. Plus, AI opens the door for smaller, well-funded challengers to take market share from Big Four consultancies. Mentioned in this podcast:Oil falls as Iranian state television reports details of peace proposalRussian banks to arm themselves against Ukrainian dronesUkraine is turning the tablesTrump risks triggering financial crisis with Iran war, warns ECBHow AI threatens the giants of consultingWant to get in touch? Email us at podcasts@ft.comNote: The FT does not use generative AI to voice its podcasts Today's FT News Briefing was hosted by Sonja Hutson, and produced by Katya Kumkova. Our show was mixed by Sam Giovinco. Additional help from David da Silva. Our executive producer is Topher Forhecz. The show's theme music is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Iran accused the US of “flagrant” violations of their ceasefire, BP has ousted its chair Albert Manifold following “serious concerns” over his behaviour, and two top European central bankers laid the groundwork for a likely interest rate rise in June. Plus, dealmaking in the mid-cap part of the UK market has sprung to life. Mentioned in this podcast:Iran accuses US of ‘flagrant' ceasefire violations as back-channel talks continueBP removes chair Albert Manifold over ‘serious concerns' about his conductTop ECB policymakers lay groundwork for June rate riseMerger spirits could lift the UK's languishing mid-capsWant to get in touch? Email us at podcasts@ft.comNote: The FT does not use generative AI to voice its podcasts Today's FT News Briefing was hosted and edited by Marc Filippino, and produced by Sonja Hutson and Fiona Symon. Our show was mixed by Sam Giovinco. Additional help from Gavin Kallmann. Our executive producer is Topher Forhecz. The show's theme music is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

In more than two-thirds of the world, the average number of children born to each woman has fallen below the “replacement rate”. Employment, home ownership and education are still big factors. But increasingly, so are mobile phones.Mentioned in this podcast:Why birth rates are falling everywhere all at onceCredit: The Columbus DispatchWant to get in touch? Email us at podcasts@ft.comNote: The FT does not use generative AI to voice its podcasts Today's FT News Briefing was hosted by Victoria Craig, and produced by Marc Filippino. Our show was mixed by Sam Giovinco. Additional help from Gavin Kallmann. Our executive producer is Topher Forhecz. Flo Phillips is the FT's Global Head of Audio. The show's theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The FT News Briefing presents a special episode from Slate's "What Next" podcast. As wealth disparity continues to grow, politicians in New York and California have suggested raising revenue through taxes aimed at their wealthiest residents. But the proposals have set off an upper-class uproar – and now, it's a stand-off between the country's billionaires and its most progressive politicos. Guest: Stephanie Ruhle, anchor of MS NOW's The 11th Hour with Stephanie Ruhle.Want more What Next? Subscribe to Slate Plus to access ad-free listening to the whole What Next family and across all your favorite Slate podcasts. Subscribe today on Apple Podcasts by clicking “Try Free” at the top of our show page. Sign up now at slate.com/whatnextplus to get access wherever you listen.You can listen to past episodes of What Next, or follow Slate on YouTube. Hosted on Acast. See acast.com/privacy for more information.

The blockbuster listings of SpaceX, Anthropic and OpenAI are set to prompt an unprecedented wave of buying and selling, and a court in Ankara has ruled to remove the leadership of Turkey's biggest opposition party. Plus, we'll look at why US President Donald Trump is turning up the pressure on Cuba. Mentioned in this podcast:‘Fast entry' SpaceX, OpenAI and Anthropic IPOs to ignite Wall Street trading frenzyTurkey court removes leader of opposition as Erdoğan tightens gripDonald Trump turns up the heat on CubaUS charges Cuba's former president Raúl Castro with murderWant to get in touch? Email us at podcasts@ft.comNote: The FT does not use generative AI to voice its podcasts Today's FT News Briefing was hosted and edited by Marc Filippino, and produced by Katya Kumkova and Saffeya Ahmed. Our show was mixed by Sam Giovinco. Additional help from Michael Lello. Our executive producer is Topher Forhecz. The show's theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Nvidia will return more than $80bn to shareholders, and Donald Trump attracted ire this week with the creation of a $1.8bn “anti-weaponisation fund”. Plus, OpenAI is getting ready to go public, and Africa's Ebola outbreak has health officials worried about pandemic preparedness. Mentioned in this podcast:Nvidia to return more than $80bn to shareholders as it reaps rewards of AI boomChina banned Nvidia's gaming chip during Jensen Huang's visitHow will Trump deploy his $1.8bn ‘anti-weaponisation' fund'?OpenAI readies IPO filing to list as soon as SeptemberDR Congo races to halt spread of EbolaLethal Ebola virus outbreak triggers urgent international quest for vaccineWant to get in touch? Email us at podcasts@ft.comNote: The FT does not use generative AI to voice its podcasts Today's FT News Briefing was hosted and edited by Marc Filippino, and produced by Katya Kumkova, Saffeya Ahmed, Fiona Symon. Our show was mixed by Sam Giovinco. Additional help from David da Silva. Our executive producer is Topher Forhecz. The show's theme music is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

EU governments are discussing whether former leaders could represent the bloc in potential negotiations with Russia's Vladimir Putin, and rising fuel prices have triggered deadly protests across Africa. Plus, we look back at US Federal Reserve chair Jay Powell's legacy as head of the central bank.Mentioned in this podcast:EU mulls Angela Merkel or Mario Draghi as possible Vladimir Putin whispererProtests spread in Africa as fuel crisis deepensPowell, Trump and the battle for the Federal ReserveWant to get in touch? Email us at podcasts@ft.comNote: The FT does not use generative AI to voice its podcasts Correction: This show has been modified from its original version. We said the Trump administration opened a lawsuit against Federal Reserve chair Jay Powell. The administration threatened a lawsuit. Today's FT News Briefing was hosted and edited by Marc Filippino, and produced by Katya Kumkova, Saffeya Ahmed, and Fiona Symon. Our show was mixed by Sam Giovinco. Additional help from Gavin Kallmann, and David da Silva. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT's Global Head of Audio. The show's theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

A California court threw out Elon Musk's case against Sam Altman and OpenAI, the global bond sell-off rages on, and a $420bn power behemoth was born after NextEra Energy struck a deal with its rival Dominion Energy. Plus, the FT's Raya Jalabi travels to Christian villages in southern Lebanon where residents fear they're under an indefinite occupation by Israeli forces. Mentioned in this podcast:Elon Musk's case against OpenAI dismissed after just two hours of jury deliberationsGlobal bonds tumble on fears of inflation shock from Iran warBonds extend sell-off on inflation fearsNextEra strikes megadeal with Dominion to create $420bn US utilityIsrael seizes 1,000 sq km under Benjamin Netanyahu's war strategyThe Christian villages under Israeli occupation in LebanonWant to get in touch? Email us at podcasts@ft.comNote: The FT does not use generative AI to voice its podcasts Today's FT News Briefing was hosted and edited by Marc Filippino, and produced by Katya Kumkova and Saffeya Ahmed. Our show was mixed by Sam Giovinco. Additional help from Gavin Kallmann, Michael Lello and David da Silva. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT's Global Head of Audio. The show's theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The cost for companies to circumvent shipping through the Strait of Hormuz is reaching record levels, and the world is bracing for an energy cliff edge this summer as the US-Iran war continues. But the war hasn't deterred investment firms from betting on the Middle East, and we have an update on the UK's political turmoil.Mentioned in this podcast:Sweeping the strait: the companies gearing up to clear the Gulf of minesGulf freight rates jump as shipping companies turn to trucks to move cargoWhat life is like on the stranded ships of the GulfIran energy crisis enters new phase as peak summer season loomsInvestment firms look beyond Iran war to expand in Middle EastLabour reopens Brexit debateIs being prime minister now an impossible job?Political Fix podcastWant to get in touch? Email us at podcasts@ft.comNote: The FT does not use generative AI to voice its podcasts Today's FT News Briefing was hosted by Victoria Craig, and produced by Katya Kumkova and Saffeya Ahmed. Our show was mixed by Alex Higgins. Additional help from Peter Barber. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT's Global Head of Audio. The show's theme music is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Democrats are looking for a bit of a rebrand after losing the White House and both houses of Congress in 2024. They have an opportunity this November to test out some new types of candidates. In a critical swing district in Pennsylvania, the party establishment has coalesced around a progressive, blue-collar candidate named Bob Brooks. The other frontrunner in the race, Ryan Crosswell, represents a very different vision for winning over swing voters. He's a former Republican and former federal prosecutor who's more centrist. Host Sonja Hutson travels to Bethlehem, Pennsylvania, to interview the candidates and ask party activists where they fall in the electability debate. Listen to all episodes of The Bethlehem Project here. Mentioned in this podcast:Dousing the DC ‘dumpster fire': Democrats battle over party's futureThe Bethlehem Project is hosted and produced by Sonja Hutson and edited by Marc Filippino. The show was mixed by Sam Giovinco. Lauren Fedor contributed reporting. Our executive producer is Topher Forhecz. Special thanks to Pierre Nicholson. Hosted on Acast. See acast.com/privacy for more information.

Opponents are lining up to potentially challenge UK Prime Minister Keir Starmer, Chinese President Xi Jinping says his country will ‘open wider' for American tech, and Saudi Arabia is considering a Middle Eastern non-aggression pact with Iran. Plus, what does one city in Pennsylvania tell us about the intersection of US politics and the economy? Mentioned in this podcast:Starmer braces for leadership challenge by BurnhamXi Jinping tells Nvidia, Tesla and Apple CEOs that China will ‘open wider'Saudi Arabia floats Middle Eastern non-aggression pact with IranAI chipmaker Cerebras surges more than 100% in Wall Street debutThe Bethlehem Project: US politics and economics through the lens of one cityWant to get in touch? Email us at podcasts@ft.comNote: The FT does not use generative AI to voice its podcasts Today's FT News Briefing was hosted and edited by Marc Filippino, and produced by Katya Kumkova, Saffeya Ahmed, and Sonja Hutson. Our show was mixed by Sam Giovinco. Additional help from Gavin Kallmann and Michael Lello. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT's Global Head of Audio. The show's theme music is by Metaphor Music. Hosted on Acast. See acast.com/privacy for more information.

The US Senate confirmed Kevin Warsh as the next chair of the Federal Reserve yesterday, and the Bank of England is set to water down its rules on stablecoins. Plus, the popularity of Germany's AfD party is growing after its criticism of the Iran war.Mentioned in this podcast:Senate confirms Kevin Warsh to succeed Jay Powell as Fed chairBank of England set to water down stablecoin rules after industry pressureGermany's far-right AfD sees surge in support after it criticises Donald Trump's Iran warHow could a Starmer leadership challenge play out?Note: The FT does not use generative AI to voice its podcasts Today's FT News Briefing was hosted by Sonja Hutson, and produced by Katya Kumkova, Saffeya Ahmed, and Marc Filippino. Our show was mixed by Sam Giovinco. Additional help from Gavin Kallmann. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT's Global Head of Audio. The show's theme music is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

UK gilt investors are weighing in on who they would like to see replace Prime Minister Sir Keir Starmer, and the fund raising for Blue Owl is running dry. Plus, the US economy is hurting due to high inflation and eBay says no thanks to GameStop's takeover bid. Mentioned in this podcast:Who do gilt investors want to lead Britain? UK borrowing costs surge as Starmer leadership crisis rattles bond Fuel, munitions and food: Trump's Iran war rips across US economyUS inflation jumps to 3.8% as Trump's Iran war sends petrol prices soaringBlue Owl retail fundraising evaporates amid private credit concernsEbay rejects $56bn GameStop bid as ‘neither credible nor attractive'Get in touch with us at podcasts@ft.com Note: The FT does not use generative AI to voice its podcasts Today's FT News Briefing was hosted and edited by Marc Filippino, and produced by Katya Kumkova, Saffeya Ahmed, and Sonja Hutson. Our show was mixed by Sam Giovinco. Additional help from Michael Lello. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT's Global Head of Audio. The show's theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

US President Donald Trump says the Iran ceasefire is on “life support”, and UK Prime Minister Keir Starmer is fighting to save his premiership after the Labour party's disastrous showing in last week's UK local elections. Plus, we preview this week's summit between Trump and China's President Xi Jinping, and examine how business in the Gulf is holding up through the Iran war. Mentioned in this podcast:Donald Trump says Iran ceasefire is on ‘life support'Starmer battles to stay in Number 10 as scores of Labour MPs urge him to quitHow the war hit the Gulf dealmaking machine A weakened Trump arrives in Xi's court The Rachman Review podcastCredit: Associated Press We want to hear from you! What do you like about FTNB? What would you like to hear more of? Reach out to us at podcasts@ft.comNote: The FT does not use generative AI to voice its podcasts Today's FT News Briefing was hosted and edited by Marc Filippino, and produced by Katya Kumkova, Saffeya Ahmed, and Sonja Hutson. Our show was mixed by Sam Giovinco. Additional help from Gavin Kallmann, Michael Lello and David da Silva. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT's Global Head of Audio. The show's theme music is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

A gas shipment made it through the Strait of Hormuz as European oil majors cash in billions from the US-Israeli war on Iran, airlines across Europe are cutting prices for summer flights despite a potential jet fuel shortage, and bond giant Pimco says the war could prompt the Federal Reserve to raise rates. Plus, the FT's Lucy Fisher explains what to expect from a make-or-break speech by UK prime minister Keir Starmer today. Mentioned in this podcast:Qatari gas shipment clears Strait of Hormuz after Pakistan-Iran talksEuro oil majors make billions off war Coal shipments jump as countries seek alternatives to disrupted gas suppliesAirlines cut prices to entice holiday bookers worried about jet fuelIran war could prompt Federal Reserve to raise rates, Pimco saysStarmer faces fight for survival as calls to resign escalateBritain's elections in maps and chartsPolitical Fix podcast Note: The FT does not use generative AI to voice its podcasts Today's FT News Briefing was hosted by Victoria Craig, and produced by Katya Kumkova, Marc Filippino and Saffeya Ahmed. Our show was mixed by Alex Higgins. Additional help from Peter Barber. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT's Global Head of Audio. The show's theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

It's been a dreadful night for Labour as council seats across the country have turned from red to turquoise. The Conservatives have not fared much better with Reform UK the big winner so far. With results still coming in, host Lucy Fisher discusses the fracturing of the vote and the future for beleaguered Prime Minister Sir Keir Starmer with the FT's deputy political editor Jim Pickard, Northern England correspondent Jen Williams and political columnist Stephen Bush.Have a question for the panel? We're planning a question and answer episode on Monday May 11. Email your questions to politicalfix@ft.comFollow Lucy on X: @LOS_Fisher, and Bluesky: @lucyfisher.ft.com; Jim @PickardJE; Stephen @stephenkb & @stephenkb.bsky.social and Jen @JenWilliamsMEN and @jenwilliamsft.bsky.socialWant more? UK elections: Labour suffers heavy losses as Reform surgesFour things we learnt in the UK electionsScale of defeat should shake ‘big two' parties into serious actionKeir Starmer defies calls to quit after heavy Labour council lossesUK local and devolved elections: Hour-by-hour guide to key resultsIn Labour's bleak moment, Andy Burnham relishes his ownSign up here for Stephen Bush's morning newsletter Inside Politics for straight-talking insight into the stories that matter, plus puns and tongue (mostly) in cheek. Get 30 days free.Presented by Lucy Fisher. Produced by Clare Williamson. Manuela Saragosa is the executive producer. Original music and mix by Breen Turner. The broadcast engineers were Andrew Giorgiades and Petros Gioumpasis. Cheryl Brumley is the FT's global head of Audio. Hosted on Acast. See acast.com/privacy for more information.

Big Tech groups are expected to generate the smallest amount of cash in more than a decade this year, and investors are dumping Indian assets. Plus, GameStop CEO Ryan Cohen, has set his sights on his next project: a huge leveraged buyout of eBay.Mentioned in this podcast:Big Tech's $725bn AI spending spree sends cash flows to decade lowInvestors dump Indian assets as energy shock sends rupee slidingCan the meme stock king pull off audacious eBay swoop?Political Fix podcastNote: The FT does not use generative AI to voice its podcasts Today's FT News Briefing was hosted and edited by Marc Filippino, and produced by Katya Kumkova, Saffeya Ahmed, and Victoria Craig. Our show was mixed by Sam Giovinco. Additional help from Michael Lello and David da Silva. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT's Global Head of Audio. The show's theme music is by Metaphor Music. Credit: CNBCRead a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

US fuel exports have surged to a record level, and hedge funds had their best month since 2020. Plus, Samsung Electronics is locked in a feud with its workers over how to share the spoils of the AI-driven semiconductor boom, and LVMH is considering selling some of its iconic brands. Mentioned in this podcast:US fuel exports hit record in boon for oil companies and threat to TrumpLVMH goes from buyer to seller as luxury's winter drags onTech rally hands hedge funds biggest gains since 2020Samsung workers demand bigger slice of surging AI profitsNote: The FT does not use generative AI to voice its podcasts Today's FT News Briefing was hosted and edited by Marc Filippino, and produced by Katya Kumkova, Saffeya Ahmed, and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann, Michael Lello and David da Silva. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT's Global Head of Audio. The show's theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Global oil reserves plunged at a record pace in April and the SEC said it was proposing to allow public companies to file earnings reports every six months. Plus, the US will start reviewing some AI models over national security concerns and HSBC's profits took a major hit from “fraud-related” exposure. Mentioned in this podcast:SEC moves to scrap quarterly reporting requirementGlobal oil reserves plunge at record pace as Middle East war strains suppliesHSBC profits hit by $400mn ‘fraud-related' exposureGoogle, xAI and Microsoft agree to US national security reviews of new AI modelsNote: The FT does not use generative AI to voice its podcasts Today's FT News Briefing was hosted and edited by Marc Filippino, and produced by Katya Kumkova, Saffeya Ahmed, Fiona Symon, and Sonja Hutson. Our show was mixed by Sam Giovinco. Additional help from Michael Lello and David da Silva. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT's Global Head of Audio. The show's theme music 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 and Iran traded fire in the Strait of Hormuz, and Anthropic formed a more than $1.5bn joint venture with Wall Street groups including Blackstone, Hellman & Friedman and Goldman Sachs. Plus, the FT's Anna Nicolaou explains whether Disney's chief executive can handle the latest challenge thrown by the Trump administration.Mentioned in this podcast:US to ‘guide' stranded ships out of Strait of Hormuz, says TrumpBlackstone and Goldman among backers for $1.5bn JV with AnthropicTrump vs Kimmel: inside Disney chief Josh D'Amaro's baptism of fire‘Plastic shock' hits Asia as Iran oil crisis strangles suppliesNote: The FT does not use generative AI to voice its podcasts Today's FT News Briefing was hosted and edited by Marc Filippino, and produced by Katya Kumkova and Saffeya Ahmed. Our show was mixed by Sam Giovinco. Additional help from Michael Lello. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT's Global Head of Audio. The show's theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

We tally the impact of war on industries around the globe as the conflict in Iran stretches into its third month. Plus, Britain braces for voters to deliver a potentially seismic change to the political system. And, though many industries are preparing to deal with shortages caused by the Strait of Hormuz closure, the US and Europe have a glut of milk.Mentioned in this podcast:Airlines slash flights as fuel shortage fears mountUAE fertiliser giant resorts to trucks to shift product out of GulfDetroit carmakers warn of $5bn commodities shock due to Iran warExxon and Chevron defy Trump pressure to boost oil productionOil market one month from crunch point as global stockpiles dwindleTrump's war in Iran leaves US with sharpest fuel shock in G7Political Fix: Labour braces for ballot box bloodbathThe land of milk and no money: UK farmers are in a fixNote: The FT does not use generative AI to voice its podcasts Today's FT News Briefing was hosted by Victoria Craig and produced by Marc Filippino and Saffeya Ahmed. Our show was mixed by Alex Higgins. Additional help from Peter Barber. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT's Global Head of Audio. The show's theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Introducing a new video podcast from the FT: Does scientific, artistic or political brilliance translate into investing success? It's a topical question with hedge funds today accused of sucking talent away from the rest of the economy. So, the FT's Gillian Tett and Robin Wigglesworth sat down with reporter Toby Nangle, who has dug into the archives to assess the investment portfolios of Isaac Newton, Charles Darwin, Winston Churchill, John Maynard Keynes and other widely regarded geniuses of the past. What Toby found may surprise you, as will the historical wildcard he's unearthed.To enjoy future episodes, be sure to subscribe to The Story of Money wherever you get your podcasts, also on the show's dedicated YouTube channel here.Learn more at ft.com/tsom Want more?Read Toby's full FT article here.Toby's sources:On Churchill: https://www.amazon.co.uk/No-More-Champagne-Churchill-Money/dp/1784081817 On J.M.W. Turner: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=5718586 On John Maynard Keynes: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2023011 https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2287262 On Einstein: https://einstein-website.de/en/what-happened-to-the-nobel-prize-money/#:~:text=By%20May%201924%2C%20Mileva%20had,visible%20result%20of%20my%20musings%E2%80%9D On Jane Austen: https://jasna.org/publications-2/persuasions-online/vol36no1/toran/ Hosts: Gillian Tett and Robin WigglesworthGuest: Toby NangleProducer: Lulu SmythSenior Producers: Michela Tindera and Laurence KnightExecutive Producers: Flo Phillips and Manuela SaragosaOriginal music: Breen TurnerBroadcast engineers: Bianca Wakeman and Petros GiuompasisPodcast Development: Laura ClarkeFT Global Head of Audio: Cheryl BrumleyVideo editor: Josh Divney at Podcast Discovery Hosted on Acast. See acast.com/privacy for more information.

Apple delivered another quarter of strong sales growth driven by what the tech giant called its “most popular” iPhone model ever, and we explore how some of the world's biggest central banks are dealing with the energy shock from the Iran war. Plus, can Tinder win women back to its platform, and why the UK's local elections next week will be a big test for the Labour government. Mentioned in this podcast:Apple credits ‘most popular' ever iPhone for booming sales​​ECB and BoE warn of rate rises as they grapple with Middle East shockCan Tinder win back women?What Labour's likely meltdown means for the UKNote: The FT does not use generative AI to voice its podcasts Today's FT News Briefing was hosted and edited by Marc Filippino, and produced by Victoria Craig, Fiona Symon, and Sonja Hutson. Our show was mixed by Sam Giovinco. Additional help from Gavin Kallmann, Michael Lello and David da Silva. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT's Global Head of Audio. The show's theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Meta said it would boost its spending on AI this year, and Jay Powell says he will stay on as a Federal Reserve governor once his term as chair ends. Plus, the special relationship between the UK and US held up under intense pressure, and defence stocks are struggling despite the US and Israel's war in Iran. Oil jumps to almost $120 as Trump signals extended Hormuz stand-offFed chair nominee Kevin Warsh secures Senate committee approvalOil surge divides US central bank as Jay Powell's term at helm draws to a closeAmerica's special relationship is ‘probably Israel', says UK ambassador to USKing Charles defends transatlantic relationship in speech to CongressDefence stocks give back gains as investors buy rumour but sell warPolitical Fix podcastCredit: C-SPAN, Federal ReserveNote: The FT does not use generative AI to voice its podcasts Today's FT News Briefing was hosted and edited by Marc Filippino, and produced by Saffeya Ahmed, Victoria Craig, and Sonja Hutson. Our show was mixed by Sam Giovinco. Additional help from Gavin Kallmann, Michael Lello. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT's Global Head of Audio. The show's theme music is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Federal regulators launched a probe into all Disney-owned TV stations after a late-night comedian made a joke about First Lady Melania Trump, and emerging market stocks have recovered all of their losses from the early stages of the Iran war to hit an all-time high, and the United Arab Emirates is leaving Opec after 60 years. Plus, the FT's Bita Ghaffari in Tehran details life inside Iran's blackout that's been in place since the US and Israel attacked at the end of February. Mentioned in this podcast:Trump administration launches Disney probe after Jimmy Kimmel's Melania jokeEmerging market stocks hit record high as Asian chipmakers surgeUAE to leave Opec in blow to oil cartelLife inside Iran's internet blackoutCredit: Jimmy Kimmel Live!Note: The FT does not use generative AI to voice its podcasts Today's FT News Briefing was hosted and edited by Marc Filippino, and produced by Victoria Craig, Saffeya Ahmed, and Fiona Symon. Our show was mixed by Sam Giovinco. Additional help from Gavin Kallmann. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT's Global Head of Audio. The show's theme music is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The number of countries cutting energy taxes in response to the Iran war has doubled over the past month, and China blocked Meta's $2bn purchase of the AI group Manus. Plus, big private equity backers have raised concerns that some firms may be waving through controversial deals. Mentioned in this podcast:Energy tax cuts spread across 39 economies as prices jumpChina blocks Meta's $2bn purchase of AI group ManusPrivate equity backers raise new conflict concerns over sweetheart dealsNote: The FT does not use generative AI to voice its podcasts Today's FT News Briefing was hosted and edited by Marc Filippino, and produced by Saffeya Ahmed, Fiona Symon, and Sonja Hutson. Our show was mixed by Sam Giovinco. Additional help from Gavin Kallmann, Michael Lello and David da Silva. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT's Global Head of Audio. The show's theme music is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Alleged Trump shooter is set to be charged in federal court Monday, Republican Senator Thom Tillis said he will allow confirmation of Fed nominee Kevin Warsh to proceed, and the world's leading central banks are widely expected to hold off on inflation-fighting interest rate rises this week. Plus, Anthropic's cybersecurity AI model could be so effective it actually backfires. Mentioned in this podcast:Alleged Trump shooter was targeting US officials, authorities sayUS prosecutors drop criminal probe into Federal Reserve chair Jay PowellLeading central banks play for time on interest rate risesAnthropic investigating unauthorised access of powerful Mythos AI modelNote: The FT does not use generative AI to voice its podcasts Today's FT News Briefing was hosted by Sonja Hutson and produced by Saffeya Ahmed and Julia Webster. Our show was mixed by Alex Higgins. Additional help from Peter Barber. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT's Global Head of Audio. The show's theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Meta will cut 10% of its staff next month, BP suffered a heavy defeat at its annual shareholder meeting, and the Paramount–Warner Brothers Discovery deal is one step closer to being sealed. Plus, the Trump family's crypto company is in hot water, and a US official is vying to get Italy into the football World Cup. Mentioned in this podcast:Meta to cut 10% of jobs to ‘offset' Mark Zuckerberg's AI spendingMicrosoft to offer 7% of US staff voluntary redundancy for the first timeBP suffers heavy defeat in investor climate voteCrypto billionaire Justin Sun sues Trump family's World Liberty FinancialWarner Bros shareholders approve $111bn Paramount dealTrump envoy seeks to replace Iran with Italy in football World CupNote: The FT does not use generative AI to voice its podcasts Today's FT News Briefing was hosted and edited by Marc Filippino, and produced by Saffeya Ahmed and Fiona Symon. Our show was mixed by Sam Giovinco. Additional help from Michela Tindera, Gavin Kallmann, and Michael Lello. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT's Global Head of Audio. The show's theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.