POPULARITY
Google said it plans to spend at least $55bn more on capital expenditure this year than Wall Street had forecast, US tech stocks were hit by a fresh wave of selling on Wednesday, and the FT's Chris Cook talks about the challenges of unpacking millions of documents on Jefferey Epstein. Plus, OpenAI senior staff are leaving because the company is prioritising ChatGPT. Mentioned in this podcast:Google adds $55bn to capex plans as it boosts AI spendingUS tech stocks hit with fresh wave of selling as chipmaker AMD tumblesPolice launch criminal investigation into Mandelson over Epstein scandalOpenAI's ChatGPT push triggers senior staff exitsNote: The FT does not use generative AI to voice its podcasts Credit: NBC NewsToday's FT News Briefing was hosted and edited by Marc Filippino, and produced by Fiona Symon, Victoria Craig 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.
US tech stocks fell on Tuesday over AI concerns, Elon Musk is charting a new path for his “Muskverse” of companies, and the US military shot down an Iranian drone as Middle East tensions escalate. Plus, domestic energy companies in Argentina have benefitted from the country's volatile economy, and Peter Mandelson is no longer a member of the House of Lords after Epstein scandal revelations.Mentioned in this podcast:US stocks drop on fears AI will hit software and analytics groupsTesla lurches into the Musk robotics eraSpaceX buys xAI in $1.25tn deal to unite crucial parts of Elon Musk's empireUS shoots down Iranian drone as Middle East tensions escalatePolice launch criminal investigation into Mandelson over Epstein scandalNote: 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 Fiona Symon, Victoria Craig and Sonja Hutson. Our show was mixed by Kent Militzer. 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.
France has adopted a deficit-cutting budget for 2026 after months of political wrangling, and the FT's Christopher Grimes tells us about the front runner to be Disney's next CEO. Plus, US President Donald Trump said he had struck a trade deal with India, and Société Générale is European banking's latest comeback kid. Mentioned in this podcast:France adopts budget after premier survives no-confidence voteDisney warns of hit to US theme parks as foreign tourist numbers fallTrump to slash India tariffs after Modi ‘agrees' to stop buying Russian oilHow SocGen dragged itself back from the brinkNote: 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. Our show was mixed by Kelly Garry. 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.
Europe's largest oil companies are poised to curb share buybacks, and Kevin Warsh's nomination to Fed chair could spark a rethink of how America's central bank works. Plus, consumer giants deal with backlash over contaminated baby formula. And, a rollercoaster in precious metals prices triggers ‘pandemonium' in New York's Diamond District.Mentioned in this podcast:Europe's oil majors prepare to cut billions in shareholder payoutsKevin Warsh's nomination as Fed chair to spark rethink of bank's roleNestlé and Danone hit by backlash over contaminated baby formulaGold and silver tumult triggers ‘pandemonium' in New York's Diamond DistrictNote: The FT does not use generative AI to voice its podcasts Today's FT News Briefing was hosted by Victoria Craig, and produced by Fiona Symon 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.
Apple reported a blockbuster rise in revenue last quarter, and Blackstone is preparing to take a series of long-held investments public. Plus, Canada's oil industry is thriving as it pushes into Asian markets. Plus, some US oil majors are reporting earnings, which could give us a window into whether they're preparing to invest in Venezuela.Mentioned in this podcast:Apple hails ‘remarkable' $144bn quarter with best-ever iPhone salesBlackstone lines up ‘one of largest IPO pipelines in history'Canada's oil industry thrives as sales to China soarNote: 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 Fiona Symon, Victoria Craig 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.
Sir Keir Starmer is 5,000 miles away in China, meeting President Xi Jinping to drum up investment and deepen relations, but back on the home front the PM's leadership looks increasingly beset. Manchester mayor Andy Burnham's ambitions may have been thwarted for now, but the plotting continues in rival contenders' camps. In a bid to wrestle back control of the agenda, the government is pressing on with fresh policy announcements. Meanwhile, the Tories have seen more MP defections to Reform, as senior centrist figures seek to drag the Conservatives away from the right. Host Lucy Fisher is joined by Political Fix regulars Jim Pickard, Jennifer Williams and Robert Shrimsley – plus George Parker is on the ground in Shanghai.Follow Lucy: @lucyfisher.ft.com or @LOS_Fisher; George: @georgewparker.bsky.social, or @GeorgeWParker; Robert: @robertshrimsley.bsky.social or @robertshrimsley, Jim: @pickardje.bsky.social or @PickardJE and Jennifer: @jenwilliamsft.bsky.social or @JenWilliamsMENWant more? Donald Trump warns Keir Starmer against closer business ties with China China rolls out the red carpet for Keir StarmerGovernment plans to tighten scrutiny of Chinese influence in UKThe prisoner of Downing StreetLabour triggers early by-election to limit fallout from Andy Burnham rowReform UK picks Matt Goodwin for Gorton and Denton by-electionUK government caps ground rents paid to freeholdersSign 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 analysis. Get 30 days free.Political Fix is presented by Lucy Fisher. The producer is Clare Williamson and the executive producer is Flo Phillips. Audio mix and original music by Breen Turner. The FT's head of audio is Cheryl Brumley. Our email address is politicalfix@ft.comClip from: ReutersRead a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
The EU-India trade deal was partly a geopolitical statement, directed towards Trump. But what's actually in it? What were the toughest bits to agree, who gave up concessions, and what will the deal mean for the economies of India and the EU? Soumaya Keynes is back to chat to Nicolas Köhler-Suzuki, adviser for trade and economic security, Jacques Delors Institute, and Ajay Srivastava, founder of the Global Trade Research Initiative in Delhi, and a former trade negotiator. Subscribe to Soumaya's show on Apple, Spotify, Pocket Casts or wherever you listen.Further reading: EU and India seal trade pact to slash €4bn of tariffs on bloc's exportsIndian exporters seek new markets after Donald Trump's trade blitzEU leaders push to implement Mercosur trade pactPresented by Soumaya Keynes. Produced by Josh Gabert-Doyon, Manuela Saragosa is the executive producer. Original music and sound design by Breen Turner. The FT's global head of audio is Cheryl Brumley.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
Tesla on Wednesday reported its first-ever fall in annual revenue, Donald Trump has warned Iran that “time is running out” to reach a deal to avert US military action, and the Federal Reserve kept interest rates on hold. Plus, the world's biggest mining companies have added close to half a trillion dollars to their valuations this year, triggered by heightened geopolitical tensions.Mentioned in this podcast:Tesla trims car line up in pivot to AI as annual revenue falls for first timeFederal Reserve signals no rush to cut interest rates as US economy powers aheadTrump warns Iran ‘time is running out' for deal to avert US military actionMetals surge boosts value of mining groups by almost $500bnNote: 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 Fiona Symon, Victoria Craig and Sonja Hutson. Our show was mixed by Kelly Garry. 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.
US health insurance stocks plunged yesterday, and New Delhi and Brussels have agreed a trade deal that will eliminate up to €4bn of tariffs on EU exports. Plus, Nato is increasing its military presence in the Arctic to counter Russia. Mentioned in this podcast:US health insurer stocks plummet on Trump Medicare spending planEU and India seal trade pact to slash €4bn of tariffs on bloc's exportsHow Nato is preparing for war in the ArcticSend your voice memos about your post graduate job search to: marc.filippino@ft.comNote: The FT does not use generative AI to voice its podcasts Today's FT News Briefing was hosted by Sonja Hutson and edited by Marc Filippino. It was produced by Fiona Symon and Victoria Craig. Our show was mixed by Kelly Garry. 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. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
The Trump administration has linked security guarantees for Ukraine to Kyiv ceding the Donbas region to Russia, and there's speculation that the US and Japan could be working together to support the yen. Plus, Israel's military announced it had retrieved the remains of the last hostage from the Gaza Strip, and Big Tech companies are on track to dominate borrowing in the US bond market.Mentioned in this podcast:US links security guarantees for Ukraine to peace deal ceding territoryDollar sinks to 4-month low and gold soars past $5,000 as yen leapsIsrael retrieves remains of last hostage in GazaBig Tech's borrowing spree raises US bond market fearsSend your voice memos to: marc.filippino@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 Clare Williamson and Marc Filippino. Our show was mixed by Kelly Garry. 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.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
The Trump administration's immigration enforcement agency faces growing backlash after federal agents fatally shot a second protester in two weeks, and Trump teases his pick for the US's next Federal Reserve chair. Plus, UK Prime Minister Keir Starmer goes on the charm offensive in Beijing, and why the US is investing in rare-earths companies.Mentioned in this podcast:Trump faces growing backlash against immigration crackdown after shootingBlackRock's Rick Rieder surges ahead in race to chair Federal ReserveKeir Starmer prepares for his Chinese charm offensiveUS to invest $1.6bn into rare earths group in bid to shore up key mineralsNote: The FT does not use generative AI to voice its podcasts Today's FT News Briefing was hosted by Victoria Craig, and produced by 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.
Intel shares slide 12 per cent as supply constraints limit growth, and Trump's “Board of Peace” is dividing the US's allies. Plus, Iran's government is seizing properties and businesses after protests rocked the country, and Victoria Craig unpacks next week's meeting of the Federal Reserve. Mentioned in this podcast:Intel shares slide 12 per cent as supply constraints limit growth Iran seizes properties and businesses in crackdown after unrestWho wants to join Donald Trump's ‘Board of Peace'?Fed chair gender reveal postNote: 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 Henry Larson, Fiona Symon, Victoria Craig 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.
From ‘brilliant ally' to ‘weak and stupid' within the same paragraph, it's hard to know how to handle the impulsive outbursts from America's 47th President. And yet, this is the position in which the British prime minister found himself this week as he stood firm in the face of Donald Trump's threats to Greenland. Some back channel diplomacy in Davos helped put US European relations back on an even keel but it's clear the so-called ‘special relationship' is under strain. So where does Keir Starmer turn now? Does he stick with the decades-old transatlantic alliance, does he push for more European integration, or does he look further afield to China?To discuss this and more, political editor George Parker is joined by Whitehall editor Lucy Fisher, columnist and writer of the ‘Inside Politics' newsletter Stephen Bush, and the FT's foreign editor Alec Russell.Follow: George on X @GeorgeWParker or Bluesky: @georgewparker.bsky.social, Lucy @LOS_Fisher or @lucyfisher.ft.com; Stephen: @stephenkb @stephenkb.bsky.social & Alec Russel on X:https://x.com/alecurussell Want more?UK ‘will not yield' on Greenland, Keir Starmer warns Donald TrumpTrump's Davos rant should alarm Starmer‘Thank you Tony': Blair's ‘Board of Peace' role prompts Trump praise and Westminster angerWestminster ‘riding it out' is not a strategy for UK-US relationsFlatter or confront? How world leaders are dealing with TrumpAnd sign up here for Stephen's morning newsletter, Inside Politics, for straight-talking insight into the stories that matter, plus puns and tongue-(mostly)-in-cheek analysis. Get 30 days freePolitical Fix was presented by George Parker and produced by Clare Williamson. Flo Phillips is the executive producer. Sound engineering by Breen Turner. Cheryl Brumley is the FT's global head of audio.Clip from Channel 4What did you think of this episode? Let us know at: politicalfix@ft.comRead a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
US President Donald Trump has dropped his tariff threat on Greenland, and the FT's Derek Brower explains how Trump has navigated the World Economic Forum in Davos. Plus, EU lawmakers have postponed the ratification of a trade deal with the Mercosur group of South American economies, and US Supreme Court justices appeared sceptical of Donald Trump's efforts to sack Federal Reserve governor Lisa Cook.Mentioned in this podcast:Greenland latest: Trump rules out using force but calls for ‘immediate negotiations'Trump's Greenland pivot puts Europe in a bindHoward Lutnick heckled at Davos dinner as Christine Lagarde walks outEU lawmakers vote to delay Mercosur trade pact over legal concernsSupreme Court justices express scepticism over Donald Trump's attempt to sack Fed's Lisa CookBerkshire Hathaway considers selling $7.7bn stake in Kraft HeinzCredit: World Economic Forum, Supreme Court of The United StatesNote: 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 and Sonja Hutson. Our show was mixed by Kent Militzer. 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.
How will Silicon Valley's most powerful figures shape technology — and politics — in 2026? Last year, Elon Musk and Mark Zuckerberg aligned themselves with Donald Trump. Where have these relationships left the industry today? The push to break up Big Tech appears to be fading, but the race for AI dominance has sparked new risks and rivalries, as well as regulatory flashpoints.In this episode of Tech Tonic, Murad Ahmed is joined by FT tech comment editor Elaine Moore, San Francisco correspondent Hannah Murphy and bureau chief Stephen Morris to discuss Musk's latest Grok chatbot, Zuckerberg's evolving strategy at Meta, the rise of the online right and what it all reveals about the shifting balance of power in Silicon Valley.Free to read: Elon Musk hit by exodus of senior staff over burnout and politics How Mark Zuckerberg unleashed his inner brawlerDina Powell McCormick appointed president and vice-chair at MetaBig Tech tests investors' patience with $80bn AI investment spree Here come the glassholes, part II AI poses a new antitrust problemChina's open-source AI is a national advantageThis series of Tech Tonic is hosted by Murad Ahmed and produced by Josh Gabert-Doyon. The senior producer for Tech Tonic is Edwin Lane. Flo Phillips is the executive producer. Sound design by Breen Turner and Samantha Giovinco. Original music by Metaphor Music. Cheryl Brumley is the FT's global head of audio. The FT does not use generative AI to voice its podcasts.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
US equities and the dollar fell in response to transatlantic tension over Greenland, and the FT's Robin Wigglesworth breaks down the idea of Europe leveraging its US Treasuries to influence President Donald Trump. Plus, Netflix said that the entertainment industry remains “intensely competitive”, and China is selling drone components to Russia and Ukraine. Mentioned in this podcast:Dollar and US stocks fall as Trump says ‘no going back' on Greenland bidCould Europe really leverage its $12.6tn pile of US assets?Netflix highlights industry competition as it seeks Warner Bros deal approvalThe Chinese suppliers that could decide the drone war in UkraineCredit: ReutersNote: The FT does not use generative AI to voice its podcasts Today's FT News Briefing was hosted by Victoria Craig, and produced by Sonja Hutson. Our show was mixed by Kelly Garry. 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.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
China has registered its lowest number of births since records began. European governments weigh up options to bring down the high cost of their state pensions? Saudi Arabian banks borrow at record pace. Plus, Chinese EV carmakers have their eyes on the UK.Mentioned in this podcast:China registers lowest number of births since records beganChina's GDP grows 5% in 2025 as exports offset weak domestic outlookCan Europe still afford its generous state pensions?Josh Gabert Doyon: https://www.ft.com/josh-gabert-doyonNote: The FT does not use generative AI to voice its podcasts Today's FT News Briefing was hosted and edited by Josh Gabert Doyon, and produced by Clare Williamson. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann, Michael Lello and David da Silva. Our executive producer is Manuela Saragosa. 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.
As Europe considers retaliation measures to US President Donald Trump's tariff threat to NATO allies that oppose his Greenland-takeover bid, Denmark seeks to bolster its own relationship with the Arctic island. Plus, the US capture of Venezuela's president has boosted demand for Latin America political risk cover. And, geopolitics is the topic du jour at the World Economic Forum in Davos, Switzerland.Mentioned in this podcast:EU readies €93bn tariffs in retaliation for Trump's Greenland threatDenmark's development bank has ‘huge appetite' to invest in Greenland, CEO saysNicolás Maduro ousting boosts demand for Latin America political risk coverBehind the Money podcast: Davos' fight for relevance 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 Julia Webster and Sonja Hutson. 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. Credit: NBC, White House, World Economic ForumRead a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
The EU is proposing a new way to allow Ukraine to join the bloc, and it was the best year for US investment banks since 2021. Plus, a look into the iron ore market and the role China is playing in it, and a preview of the World Economic Forum in Davos. Mentioned in this podcast:EU ‘membership-lite' plan for Ukraine spooks European capitalsJamie Dimon warns Trump administration's attacks on Fed could boost inflationChina's state iron ore buyer flexes muscles in talks with global minersBehind the Money podcast: Davos' fight for relevance FT subscription saleNote: 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 Mischa Frankl-Duval, Fiona Symon, Victoria Craig and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from 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.
First he was pushed and then he jumped: high drama at Westminster after Kemi Badenoch sacked her rival for the Tory leadership Robert Jenrick - his crime was plotting a defection to Reform UK. Hours later, Jenrick appeared at Nigel Farage's side, branding his former party "rotten".Did Badenoch's decisive action help the Tory recovery plan? Which party is left weaker and which stronger in the fight for the right - could this, the most significant defection so far, further fuel Farage's claim that the Conservative Party's days are numbered? Deputy opinion editor Miranda Green hosts a discussion about the ‘psychodrama' that has rocked Westminster this week with the FT's deputy political editor Jim Pickard, columnist and writer of the ‘Inside Politics' newsletter Stephen Bush, and FT's chief political commentator Robert Shrimsley.Follow Miranda, Jim, Stephen & RobertWant more?Betrayal, plots and a mole who derailed Jenrick's defection to ReformRobert Jenrick joins Reform UK after being sacked from Tory shadow cabinetJenrick's sacking is both threat and opportunity for BadenochLunch with the FT Robert Jenrick: ‘I'm unashamedly provincial in my attitudes'Latest U-turn raises renewed questions over Keir Starmer's judgmentAnd sign up for Stephen's morning newsletter, Inside Politics, for straight-talking insight into the stories that matter, plus puns and tongue-(mostly)-in-cheek analysis.Get 30 days freePolitical Fix was presented by Miranda Green, and produced by Julia Webster. Flo Phillips is the executive producer. Sound engineering by Breen Turner. Cheryl Brumley is the FT's global head of audio.Clips from BBC, XWhat did you think of this episode? Let us know at: politicalfix@ft.comRead a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
US President Donald Trump has not ruled out military action in Iran and Japan's Prime Minister Sanae Takaichi plans to call a snap general election. Plus, Donald Trump's “unpredictable” policies have prompted bond giant Pimco to diversify away from US assets, and US banks push back against Trump's credit card cap plans. Mentioned in this podcast:Donald Trump says he has received assurances ‘killing in Iran is stopping'Japan's Sanae Takaichi to call snap electionDonald Trump's ‘unpredictable' policies to fuel multiyear shift from US, Pimco saysWall Street hits back at Trump credit card cap plansFT subscription sale 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 Fiona Symon, Victoria Craig and Sonja Hutson. Our show was mixed by Kelly Garry. 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.
Two former senior executives at the collapsed subprime car lender Tricolor Holdings pleaded not guilty to fraud and financial crime charges, and Microsoft is pledging to “pay its way” for its AI data centres. Plus, US inflation stayed at 2.7 per cent in December, and we'll talk about what Balderton Capital's early investment in Revolut can teach us about venture capital investment. Mentioned in this podcast:Tricolor executives plead not guilty to charges stemming from collapseMicrosoft vows to ‘pay its way' as it seeks to defuse data centre backlashUS inflation stays at 2.7% in DecemberBillions from a million: the London VC that hit the jackpot with RevolutFT subscription sale 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 Fiona Symon and Victoria Craig. Our show was mixed by Kelly Garry. Additional help from Michael Lello and 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.
Is 2026 the year that AI hype meets reality? In a new mini-series from Tech Tonic, the FT's tech editor Murad Ahmed speaks with the paper's reporters about what they'll be watching.Do tech industry insiders think the huge amounts of capital that have driven the AI boom will continue? How will challenges to large-language model AI systems play out this year? And are chief executives expecting AI technologies to force job cuts?In this episode, we hear from the FT's venture capital correspondent George Hammond, AI correspondent Melissa Heikkilä and writer of the AI Shift newsletter Sarah O'Connor for their views on AI's financial faultlines, how the technology will evolve and what kind of disruptions to expect in the world of work.Free to read: SpaceX, OpenAI and Anthropic prepare to launch landmark IPOsComputer scientist Yann LeCun: ‘Intelligence really is about learning'The AI Shift: Agentic AI is coming for quantitative researchSubscribe to The AI Shift newsletter, an essential deep-dive into how artificial intelligence is reshaping the world of workThis series of Tech Tonic is hosted by Murad Ahmed and produced by Josh Gabert-Doyon. The senior producer for Tech Tonic is Edwin Lane. Flo Phillips is the executive producer. Sound design by Breen Turner and Samantha Giovinco. Original music by Metaphor Music. Cheryl Brumley is the FT's global head of audio. The FT does not use generative AI to voice its podcasts.A previous version of this podcast made a statement about Klarna's use of AI that the company has disputed. The reference has since been removed.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
UBS chief executive Sergio Ermotti is planning to step down in April 2027, and Paramount threatened a proxy fight in its latest move to force Warner Bros Discovery back to the negotiating table. Plus, the FT's Robert Armstrong explains what could come next in US President Donald Trump's crackdown on the Federal Reserve. Mentioned in this podcast:UBS boss Sergio Ermotti plans to step down in April 2027Paramount threatens proxy fight in battle for Warner Bros DiscoveryWhat is behind the criminal investigation into Jay Powell?Former Fed chiefs attack DoJ probe into Jay PowellFT subscription sale 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 Sonja Hutson. Our show was mixed by Kelly Garry. 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.
Today, we're bringing you an episode from our fellow FT podcast, The Economics Show. The US dollar has been in slow decline for around a decade – so says Kenneth Rogoff, Harvard professor, and former chief economist of the IMF. Donald Trump's trade policies have raised a lot of questions about the future of the dollar – and how its decline could affect the rest of the world's currencies. Rogoff joins Martin Wolf to discuss how the decline of the dollar could empower China, capital flight from the US, and why cryptocurrency is a bigger threat to dollar hegemony than most people realise.Martin Wolf is chief economics commentator at the Financial Times. You can find his column here: https://www.ft.com/martin-wolf Subscribe to The Economics Show on Apple, Spotify, Pocket Casts or wherever you listen.Presented by Martin Wolf. Produced by Mischa Frankl-Duval. Manuela Saragosa is the executive producer. Original music and sound design by Breen Turner. The FT's head of audio is Cheryl Brumley.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
Global stocks surged after the US and China slashed tariffs for 90 days, and Brussels is preparing to use capital controls and tariffs against Russia. Plus, OpenAI and Microsoft are rewriting the terms of their multibillion-dollar partnership in a high-stakes negotiation. Mentioned in this podcast:Who blinked first? How the US and China broke their trade deadlockWall Street stocks soar on US-China tariff reprieveEU readies capital controls and tariffs to safeguard Russia sanctionsOpenAI negotiates with Microsoft to unlock new funding and future IPOToday's FT News Briefing was produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Simon Panayi, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. 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 scraps rule that aimed to limit exports of artificial intelligence chips, Pakistan vowed to retaliate after India launched air strikes against its neighbour, and the Federal Reserve held interest rates steady once again yesterday. Plus, Doordash's expected acquisition of Deliveroo renewed questions about the UK's ability to attract and retain listings. Mentioned in this podcast:US scraps Biden-era rule that aimed to limit exports of AI chipsPakistan vows to retaliate after India launches military strikes Federal Reserve holds rates steady as it balances risks from Donald Trump's tariffsDoorDash's grab for Deliveroo puts brakes on London's tech hopesThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Katie McMurran, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. 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.
India said it had carried out “precision strikes” on “terrorist infrastructure” at nine sites in Pakistan, Friederich Merz suffered a stinging defeat in the German Bundestag before being voted in as chancellor, and Washington and Beijing will this week hold their first trade talks since US President Donald Trump launched a trade war against China. Plus, Argentina is on the cusp of a copper mining boom that might cause problems for the country's wine industry. Mentioned in this podcast:India launches military strikes on PakistanArgentina's wine heartland eyes copper riches US and China to launch formal trade talksChancellor on pause: Bundestag stings Friedrich Merz on day oneThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Katie McMurran, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. 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 will remain under the control of the group's non-profit arm, US stocks have wiped out the steep losses that followed US President Donald Trump's tariff announcement, and the Bank of England is expected to cut interest rates on Tuesday. Plus, Meta's AI ambitions face a legal test in one of the first trials over copyright infringement.Mentioned in this podcast:OpenAI ditches plan to convert to for-profit businessMeta lawsuit poses first big test of AI copyright battleBank of England expected to cut rates as US trade war hits growthUS stocks wipe out steep losses that followed Trump's ‘liberation day'The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Michela Tindera, Katie McMurran, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. 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 world's most famous investor says he plans to step down after six decades leading Berkshire Hathaway, and Chinese exporters are turning to third countries to get around 145 per cent US tariffs. Plus, local Nigerian oil companies are starting to replace foreign majors, and Israel calls up reservists to support its expanded operations in Gaza. Mentioned in this podcast:Warren Buffett to step down from Berkshire Hathaway after six decadesChinese exporters ‘wash' products in third countries to avoid Donald Trump's tariffsIsrael vows to hit back against Iran and Houthis after airport attackCredit: CNBCThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Katie McMurran, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. 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 President Donald Trump has garnered a lot of criticism since he enacted his trade war. But there are people who still defend the tariffs, including Oren Cass, chief economist of the conservative thinktank American Compass. Cass is a contributor to the FT's opinion pages, and he joins the FT's US national editor and columnist Edward Luce to discuss why some conservatives still find value in tariffs. Mentioned in this podcast:Trump has no idea what he has unleashedEurope must choose between America and ChinaSign up for the FT's Swamp Notes newsletter hereSwamp Notes is produced by 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. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
Amazon warned of the impact of Donald Trump's global trade war and issued weaker-than-expected guidance for the second quarter, and Australians head to the polls this weekend caught in the crossfire of the US-China trade war. Plus, European banks had a great first quarter thanks to global market volatility. Mentioned in this podcast:Amazon falls after profit forecast misses expectationsAustralia: caught between a slowing China and a chaotic USUBS, Barclays and SocGen reap trading windfall from market turmoilThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Michela Tindera, Josh Gabert-Doyon, Persis Love Katie McMurran, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. 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 posted better than expected quarterly earnings on Wednesday, Spain is trying to figure out what caused a massive power outage, and the Conservatives are bracing for heavy losses in local England elections. Plus, the FT's Claire Jones explains what we can take away from the latest US GDP reading. Mentioned in this podcast:US and Ukraine sign natural resources dealMicrosoft shares jump after software giant's earnings top forecastsUS economy contracts at 0.3% rate as Trump tariffs prompt import surgeLocal elections: Tories braced for losses as England votes in five-party raceHow did Spain's electricity grid collapse?The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Michela Tindera, Katie McMurran, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. 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 unveiled more tariff relief for some carmakers, and shares in a number of companies surged in Tokyo after a plan for carmaker Toyota Motor to take one of its subsidiaries private. Plus, Wall Street economists forecast that US GDP shrank in the first quarter, and contrary to some stereotypes, Generation Z is leading the charge back to the office. Mentioned in this podcast:Wall Street banks predict GDP contraction after US trade deficit hits recordDonald Trump set to announce new car tariff climbdown in MichiganJapan shares surge after Toyota spurs hopes for wider corporate shake-upGen Z is leading the charge back to the officeThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Katie McMurran, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. 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 oil industry is bracing for its worst year since the pandemic, and Spain and Portugal are reeling from a massive power outage. Plus, the FT's Emily Herbert explains why the flight into the Swiss franc is causing a headache for the country's central bank. Mentioned in this podcast:Big Oil braced for worst year since pandemic as bumper profits recedeSpain declares state of emergency in the wake of huge power outageSwiss franc surge sparks bets on return to negative interest ratesThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Flo Phillips, Katie McMurran, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. 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.
Canadians will head to the polls Monday to pick a prime minister, and a new US proposal to end the War in Ukraine would allow Russia to keep some of the territory it's conquered. Plus, Hungary's government may be funneling money to friendly news outlets, and major American companies are starting to speak up about Donald Trump's trade war. Mentioned in this podcast:Canadians head to the polls to elect new prime ministerPutin and Trump envoy hold ‘constructive' meeting, Russian official saysTrump and Zelenskyy hold ‘productive' discussion at Pope's funeralHungary accused of illegal subsidies for pro-government mediaConsumer giants ring warning bells over Donald Trump's trade warThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Katie McMurran, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. 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.
Just a few weeks ago, US President Donald Trump was ready to levy tariffs on basically every nation. Today, many of those tariffs have been paused or tempered. Additionally, this week he promised he will not be firing Federal Reserve chair Jay Powell, despite his earlier criticism. Should we expect more backstepping from Trump in the face of economic data? And what do the voters think of it all? FT economics editor Sam Fleming joins alongside Jon McHenry, vice-president of the conservative pollster North Star Opinion Research. Mentioned in this podcast:Trump claims to have received call from Xi Jinping and to have cut ‘200 deals' on tradeDonald Trump says he has ‘no intention' of firing Jay PowellSign up for the FT's Swamp Notes newsletter hereSwamp Notes is produced by 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. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
Apple plans to shift the assembly of all US-sold iPhones to India as soon as next year, factories in China have begun slowing production and furloughing some workers in the aftermath of US tariffs, and Alphabet shares rose after it reported first-quarter profit surged 46 per cent. Plus, the Trump administration wants to stamp out one of America's enduring financial pastimes: writing paper cheques.Mentioned in this podcast:Alphabet shares jump as Google search boosts profitsApple aims to source all US iPhones from India in pivot from ChinaA crucial earnings seasonIs Trump's drive to kill the paper cheque a ‘no brainer'?Chinese factories slow production and send workers home as US tariffs biteThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Katie McMurran, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. 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.
Sir Keir Starmer and Ursula von der Leyen will on Thursday finalise plans for a new defence pact, US Treasury secretary Scott Bessent has accused the IMF and World Bank of “mission creep” and Boeing reported lower than expected losses. Plus, Tesla chief executive Elon Musk looks to right the electric-car company by reducing his role in the Trump administration.Mentioned in this podcast:UK and EU finalise plans for defence pactMusk drives Tesla calmly through investors' red lightsScott Bessent accuses IMF and World Bank of ‘mission creep'Boeing prepared to redirect orders destined for Chinese carriersCredit: Associated PressThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Katie McMurran, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. 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.
Tesla's first-quarter adjusted profits dropped 39 per cent and the IMF has downgraded outlooks for G7 nations and big economies such as China and India. Plus, we take a look at whether BP can turn things around to catch up with its rivals. Mentioned in this podcast:Elon Musk to prioritise Tesla over White House role as profits slumpIMF warns of rising US recession risk and defends Fed policyVladimir Putin offers to halt Ukraine invasion along current front lineWill going back to basics restore BP's fortunes?Donald Trump says he has ‘no intention' of firing Jay PowellThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Katie McMurran, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. 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.
Wall Street stocks dropped as President Donald Trump attacked Federal Reserve chair Jay Powell, Pope Francis passed away on Monday after leading the Catholic Church for 12 years, and more than half of nearly 1,500 business leaders support a shift to a renewables-based electricity system. Plus, Europe is now seeking to take advantage of China's electric vehicle manufacturing expertise.Mentioned in this podcast:US stocks and dollar sink as Trump renews attacks on Fed chair PowellPope Francis dies aged 88Obituary: Pope Francis, reformer of modern Catholicism, 1936-2025Europe helped teach China to make cars. Now the tables are turningCompanies make plans to shift to green energy despite Trump-era rollbacks, survey showsThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Katie McMurran, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. 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.
Luxury goods were supposed to be making a comeback this year. But US President Donald Trump's trade war has complicated that and things are looking grim for the industry. The FT's fashion editor Lauren Indvik explains where things stand with LVMH, Prada and others. Mentioned in this podcast:Donald Trump's trade war shatters hopes of 2025 luxury revivalThe FT News Briefing is produced by Katya Kumcova, Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Andrew Georgiadis, 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 Hosted on Acast. See acast.com/privacy for more information.
Federal Reserve chair Jay Powell is warning that US tariffs are ‘likely' to put at risk the central bank's goals of keeping prices and unemployment in check, and chipmakers are reeling from a tough week. Plus, UK inflation fell more than expected to 2.6 per cent in March and the FT's Aiden Reiter explains why emerging markets are doing surprisingly well in all this market volatility. Mentioned in this podcast:Trump tariffs put Fed's jobs and inflation goals at risk, Powell saysUnhedged: Emerging markets' unexpected outperformance after “liberation day”ASML's chipmaking machine orders disappoint amid tariff uncertaintyUK inflation falls more than expected to 2.6% in March The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Michela Tindera, Katie McMurran, 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 Hosted on Acast. See acast.com/privacy for more information.
Nvidia says it expects to take a $5.5bn blow as the US clamps down on the Silicon Valley group's ability to export artificial intelligence chips to China, and PwC is exiting 12 countries. Plus, the junk bond market has basically ground to a halt, and India's middle class is dealing with a debt crisis that could impact the country's growth ambitions. Mentioned in this podcast:Nvidia to take $5.5bn hit as US clamps down on exports of AI chip to ChinaRisky corporate borrowers shut out of bond market since Trump's tariff blitzHow India's middle-class debt crisis is threatening growthPwC exits 12 countries in push to avoid scandals The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Katya Kumcova, Saffeya Ahmed, Katie McMurran, 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 Hosted on Acast. See acast.com/privacy for more information.
Brussels is exploring legal options that would allow European companies to break long-term Russian gas contracts, and Goldman Sachs had a mixed first quarter. Plus, China's President Xi Jinping is traveling around south-east Asia to make the case that Beijing is open for business, and Argentina just landed a $20bn deal with the IMF. Mentioned in this podcast:Xi Jinping warns ‘no winners' from Trump trade war as he heads to VietnamArgentina secures $20bn IMF deal by relaxing currency controlsGoldman Sachs' chief hopeful Trump will listen to corporate AmericaEU explores legal options for ending Russian gas dealsThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Katie McMurran, Katya Kumcova, 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 Hosted on Acast. See acast.com/privacy for more information.
US tariff exemptions on personal electronics may only be temporary, and big banks posted major earnings on Friday despite some economic headwinds. Plus, the European Union and the UK are getting closer to signing a defense pact, and the Trump Administration's pressure on universities could drive students and faculty overseas. Mentioned in this podcast:US tech tariff exemption will be temporary, says LutnickJPMorgan chief Jamie Dimon warns of ‘considerable turbulence' in US economyWarning lights flash for US consumer strength as credit defaults riseAmerican academics seek exile as Trump attacks universitiesAI praise-giving tool promises ‘authentic' insightsUK and EU close ranks on defence amid Trump turmoilThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT's executive producer. The FT's global head of audio is Cheryl Brumley. The show's theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
US President Donald Trump's global trade war has made a mess for the Federal Reserve. Despite an encouraging US consumer price index report this week, there are major concerns about the inflationary nature of Trump's tariffs. Meanwhile, the Fed has cut growth forecasts. And if all that wasn't enough, Trump is breathing down chair Jay Powell's neck to cut interest rates. The FT's US economics editor Claire Jones and economics commentator Chris Giles explain why the central bank is caught in a difficult position.Mentioned in this podcast:Jay Powell's tariff dilemma: defend the economy or contain inflationAlphaville: An emergency rate cut from the Fed?US inflation falls more than expected to 2.4% in MarchFederal Reserve ‘absolutely' ready to help stabilise market if needed, top official saysSign up for the FT's newsletter Chris Giles on Central BanksSign up for the FT's Swamp Notes newsletter hereSwamp Notes is produced by 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.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
US inflation fell more than expected to 2.4 per cent in March, and France's Renault is one of the few carmakers insulated from Donald Trump's trade war. Plus, Indonesia is looking to run its colossal new sovereign wealth fund “like a public company”. Mentioned in this podcast:US inflation falls more than expected to 2.4% in March Indonesia's new sovereign wealth fund vows transparency ‘like a public company' Renault emerges as winner in Trump tariff chaos Sky to bring hit US series ‘Saturday Night Live' to the UK Credit: NBCThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Katya Kumcova, 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 Hosted on Acast. See acast.com/privacy for more information.
US stocks surged on Wednesday after Donald Trump paused ‘reciprocal' tariffs for 90 days. Plus, the EU and China are working on a new trade relationship because of the levies. Meanwhile, Apple is looking to boost production in India. Mentioned in this podcast:EU calls for ‘negotiated resolution' with China in face of US tariffsApple turns to India to help ease Trump's China tariffsUS stocks soar as Donald Trump backs down in global trade warThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT's executive producer. The FT's global head of audio is Cheryl Brumley. The show's theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
Donald Trump is pushing ahead with another 50 per cent tariff on Chinese goods, and there are questions about what will happen to nearly $2tn worth of pledges to invest in the US because of the levies. Plus, the FT's Katie Martin explains why a selloff in US Treasuries could mean a world of hurt for markets. Mentioned in this podcast:Donald Trump to proceed with extra 50% tariff on China as trade war escalatesUS tariffs threaten almost $2tn of investment pledges by global companies Markets could get a lot worse — and quicklyThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT's executive producer. The FT's global head of audio is Cheryl Brumley. The show's theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.