FT News Briefing - Financial Times

Latest Episodes:

Reddit traders eye silver, Republicans float smaller relief bill, Mance talks to Bellingcat founder Feb 01, 2021

Show notes

Reddit traders have targeted silver markets after piling into GameStop shares last week, and Republicans in the US Senate float a stimulus deal a third the size of president Joe Biden’s plan. Plus, the FT’s chief features writer, Henry Mance, spoke with the founder of the internet investigative group Bellingcat and shines a light on the trailblazing group.

Reddit traders switch sights to silver after equities attack

ft.com/content/d46e8623-09af-4a1f-b7e5-207616388b0f?

GameStop mania: why Reddit traders are unlikely to face prosecution

https://www.ft.com/content/8caa3c75-944a-468e-8a68-9deeec8b67d8

Republican senators float compromise $600bn stimulus deal

https://www.ft.com/content/20859a91-cadc-42c2-b97b-a994efd65ec1

Bellingcat’s Eliot Higgins: ‘We’re on the precipice of the misinformation age’

https://www.ft.com/content/0f31590f-74cf-4cfa-b0d6-92e8f27d6d34

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EU vaccine shortage, Reddit traders challenge establishment, North Korea defector Jan 29, 2021

Show notes

The EU’s Covid-19 vaccination plan is nearing a crisis point after several regions suspended inoculations over the shortage of jabs, and amateur day traders are challenging the financial establishment. Plus, the FT’s Seoul correspondent, Ed White, tells us how a North Korean defector is exposing the effect that sanctions are having on Kim Jong Un's regime"

Shortfall in jabs pushes EU vaccine drive to crisis point

https://www.ft.com/content/1b2afe60-b5e6-456d-98e0-313fe664d0b9

Occupy Wall Street spirit returns as traders upset the elites

https://www.ft.com/content/bcfb2252-f752-4177-a860-07dc66b0b9e8

North Korea defection exposes pressure on NK Diplomates

https://www.ft.com/content/7330790c-9630-44a5-9fa7-b446aa94e872

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Day traders wreak havoc on hedge fund bets, Wall Street dips, BlackRock’s progress on sustainability Jan 28, 2021

Show notes

The Biden administration says it is “monitoring the situation” as shares in companies including GameStop, AMC and BlackBerry surged in trading on Wednesday. Meanwhile, Wall Street’s big indexes dropped after Federal Reserve chairman Jay Powell described a weakening in the recovery of the US economy, and China’s Covid-19 vaccine makers are having no problem meeting demand. Plus, the FT’s investment correspondent, Attracta Mooney, has been following BlackRock’s sustainability efforts and reports on how well the world’s largest asset manager is keeping its promises.

‘Short squeeze’ spreads as day traders hunt next GameStop

https://www.ft.com/content/acc1dbfe-80a4-4b63-90dd-05f27f21ceb2

Wall Street notches its worst day since October

https://www.ft.com/content/570f7453-fb9b-4c73-845e-a33178f4942e

Lex Letter from Seoul: China’s vaccines and efficacy rates

https://www.ft.com/content/768f7e3a-0a10-47a5-9f0d-ea1927ebb4ec

BlackRock’s sustainability ‘report card’ one year from Fink’s annual letter

https://www.ft.com/content/d7e83ba0-c90b-46c0-9233-ad06187606c1

Walmart turns to robot-staffed warehouses to handle online orders

https://www.ft.com/content/1b1b11c8-200c-4f7c-a431-6460f90bb95d?

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EU vaccine export tensions, a serious look at stock prices, India’s farmers Jan 27, 2021

Show notes

Facing a shortfall in vaccine supplies and slow pace of vaccinations, the EU is debating how to restrict exports of coronavirus vaccines, India’s farmers are angry about agricultural reforms that could erode the state-run model and boost private agribusiness, and the plant-based food company Beyond Meat partners with Pepsico. Plus, a serious look at silly prices in the stock market with the FT’s markets editor, Katie Martin.

Germany presses Brussels for powers to block vaccine exports

https://www.ft.com/content/ed0059c9-1ea5-4ba9-a1ff-88004b59e71d

Investor anxiety mounts over prospect of stock market ‘bubble’

https://www.ft.com/content/a790c796-f0c4-4cf9-8c7a-3b52daff89e4

IMF expects US, China to recover most strongly from the virus economic hit

https://www.ft.com/content/341577c5-92f2-4bd3-a235-331d0db5dbbd

Farmers flood into New Delhi to vent anger over agriculture reforms

https://www.ft.com/content/0312fd46-b47e-4c55-b007-c56f5e6f24be

Narendra Modi’s ‘noble’ wait for a Covid jab makes him camera shy

https://www.ft.com/content/c86afc76-f49b-432d-b2c0-5aa3655903bd

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Spac mania, Apollo’s Leon Black steps down, what’s fuelling the Russia protests Jan 26, 2021

Show notes

Companies have launched a $400bn fundraising blitz in the first three weeks of 2021 as government and central bank stimulus cascades across capital markets. Leon Black is to retire as chief executive of Apollo Global Management; the announcement came as Apollo revealed the conclusion of a review into Mr Black’s relationship with the late paedophile Jeffrey Epstein. Plus, Henry Foy on what’s fuelling Russia’s Navalny protests and Tom Mitchell on Zoom’s warning for other companies in China.

Companies raise $400bn over three weeks in blistering start to 2021

https://www.ft.com/content/45770ddb-29e0-41c2-a97a-60ce13810ff2

Leon Black steps down as chief executive of Apollo

https://www.ft.com/content/97fdc05b-d3cd-45b7-b155-5f4ab525c59a

Zoom spy claims a warning for multinationals in China

https://www.ft.com/content/75ca2308-a192-4118-8283-fa8147ec39ce

San Francisco 49ers lift stake in Leeds United

https://www.ft.com/content/da10082e-5723-4783-8820-76f58d98d1af

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US takes a hard line on Russia, Congress weighs stimulus, the way forward for Waymo Jan 25, 2021

Show notes

The US has signalled a more confrontational stance toward Russia after Moscow cracked down on protesters over the weekend. In Congress, Democrats have said they want a deal on President Biden’s $1.9tn stimulus plan before taking up Donald Trump’s impeachment trial in the Senate. The WHO warns richer countries that they face a hit to their own recoveries if they fail to help the developing world roll out vaccines, and the technology for self-driving cars continues to be a grind.

US demands release of Navalny after Russia cracks down on protesters

https://www.ft.com/content/3bacc3d7-b1ea-41ef-a949-0f60db7b8243

What effect will Biden Stimulus have on Fed policy

https://www.ft.com/content/e54712dd-bb35-43e4-8533-f1ae28fec054

Vaccine delays in poorer nations threaten advanced economies

https://www.ft.com/content/53c668bc-1066-4d8c-8c8d-5d29ba34a06e

Rolling out driverless cars is “extraordinary grind,” says Waymo boss

https://www.ft.com/content/6b1b11ea-b50b-4dd5-802d-475c9731e89a

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Next steps for US returning to the Paris climate accord, ECB bond-buying shift, global art market outlook Jan 22, 2021

Show notes

President Joe Biden has moved to have the US rejoin the Paris climate accord, but becoming a leader in lowering carbon emissions will not be so easy. Then, a look at how the European Central Bank is bracing for the latest phase of the pandemic-induced economic crisis. Plus, the FT’s art market columnist, Melanie Gerlis, explains how auction houses and galleries are surviving and adapting to the pandemic.

The US will rejoin the Paris climate accord — what happens now?

ft.com/content/81dd2826-55b6-44c2-b981-88717ec70314?

ECB details bond-buying shift as it holds rates and stimulus steady

https://www.ft.com/content/14821fa0-0e3e-4a95-8414-53a257ee9142

Art market: Predictions for 2021

https://www.ft.com/content/86c27d1c-ff65-40a2-b6b2-d4add0209ffa

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Business sends Biden a message, Vestager warns against patchwork tech regulation across Europe Jan 21, 2021

Show notes

Company leaders have warned they will fight Biden Administration moves to raise corporate taxes and tighten regulation, and earnings reports show that big US banks had a strong end to 2020 thanks to trading. Plus, the FT’s Javier Espinoza continues his conversation with the European Commission’s competition and digital policy chief, Margrethe Vestager, about the future of big tech regulation.

Business to Biden: prepare for a fight over tax and minimum wage

https://www.ft.com/content/7027014e-9478-4320-97ee-a1c8144b4638

Vestager warns Big Tech to cooperate or face patchwork of laws across EU

https://www.ft.com/content/2bd619a2-dee0-492a-b397-73a0ba00e369

Morgan Stanley posts record profit as trading booms

https://www.ft.com/content/0f44d1b7-d79f-4c2a-b45e-d4c2d0ce4637

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Biden inauguration, Yellen urges Congress to ‘act big’ on stimulus, top EU official on tech regulation goals Jan 20, 2021

Show notes

Joe Biden faces a long list of challenges after he is sworn in as the 46th US president today, Mr Biden’s nominee to serve as Treasury secretary, Janet Yellen, told Congress to “go big” on stimulus during her Senate confirmation hearing on Tuesday, and a US court has struck down the pro-coal power sector rules set by the outgoing president, Donald Trump. Plus, the FT’s Javier Espinoza speaks with Margrethe Vestager, the EU’s executive vice-president in charge of digital policy, about the future of tech regulation.

Joe Biden’s challenge: big, early victories in a toxic political climate

https://www.ft.com/content/fa01bc64-a80c-4c32-abad-f8eb778c4fe6

US court strikes down Trump’s pro-coal power sector rules

https://www.ft.com/content/fed06dac-7c84-47be-a137-0480518a9e98

Vestager warns Big Tech to cooperate or face patchwork of laws across EU

https://www.ft.com/content/2bd619a2-dee0-492a-b397-73a0ba00e369

Netflix signals stock buybacks to come as subscribers hit 200m

https://www.ft.com/content/ae6f0ad5-a685-4eab-86f5-a65e8c7021ef

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China-Europe shipping costs, Navalny jailed, Brookfield chief says real estate is undervalued Jan 19, 2021

Show notes

The cost of shipping goods from China to Europe has more than tripled in the past eight weeks as the pandemic disrupts global trade, Russian opposition activist Alexei Navalny has been sent to prison just a day after returning to his home country despite international demands to release him, and Italian prime minister Guissepe Conte faces a crunch confidence vote by lawmakers today. Plus, the FT’s US investment editor, Michael MacKenzie, explains why the chief executive of Brookfield Asset management thinks the markets have undervalued real estate.

Tripling of China-Europe shipping costs threatens to hit goods supply

ft.com/content/ad5e1a80-cecf-4b18-9035-ee50be9adfc6?

Russia jails opposition activist Alexei Navalny for 30 days

https://www.ft.com/content/9c42f190-5ec2-4ad7-8bc6-f9e449200a9f

Italian coalition parties back PM Conte after resignations

https://www.ft.com/content/4cf07e94-d7ad-408c-bf08-1093318c8b48

Markets are underestimating the lure of the office, says Brookfield chief

https://www.ft.com/content/0316678b-664a-42f8-900a-5c5b5076e29e?

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