FT News Briefing - Financial Times

Latest Episodes:

Big tech earnings, US economic data, early voters pour in for US presidential election Oct 30, 2020

Show notes

Big tech companies reported mixed earnings for the most recent quarter, and Donald Trump is pointing to strong third-quarter GDP days before the US presidential election. Plus, the FT’s Washington Bureau chief Demetri Sevastopulo explains how early votes could affect election day.

Google ad sales bounce back sharply from pandemic slump

https://www.ft.com/content/07c22dcb-9747-4bd3-a01c-bb51d6e9e9bb

Donald Trump touts economy to boost re-election bid

https://www.ft.com/content/dbe15063-8955-42e2-a757-b8d9b4bd9c60

Early voting surge points to huge turnout in US election

https://www.ft.com/content/8d8fa717-8923-4223-af75-bd6d31d25d9a

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European lockdowns worry investors, China’s Five-Year plan Oct 29, 2020

Show notes

Stocks in Europe and the US dropped on Wednesday as Germany and France re-entered lockdowns to slow the spread of coronavirus. The FT’s Michael Peel explains how the European Commission is handling the latest wave of the virus. Plus, investors worry about its spread in Europe and the US, and China’s leadership discusses the country’s next Five-Year Plan.

Germany and France impose fresh curbs to slow Covid-19 spread

https://www.ft.com/content/cc928df5-8c4f-4b16-b5e8-78547069c9d5

US stocks close down 3.5% as Covid concern mounts

https://www.ft.com/content/617f7ad3-6831-4e47-b66a-3efccd1972a6

Chinese leadership meets to set policy direction for next 5 years

https://www.ft.com/content/91b74acd-15fc-402a-9644-3c662d3ba04c

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Apple search, LVMH and Tiffany talk, social media testimony Oct 28, 2020

Show notes

Apple is stepping up efforts to develop its own search technology, Boris Johnson’s plan to flout international law over Brexit is set to be blocked by the House of Lords, LVMH is in talks to renegotiate its $16.6bn takeover of US jeweller Tiffany. Plus, the FT’s Kiran Stacey will explain why US Senators are going after big social media groups ahead of the US presidential election.

Apple developing alternative to Google search

ft.com/content/fd311801-e863-41fe-82cf-3d98c4c47e26

Boris Johnson faces Brexit defeat at key moment

ft.com/content/807e1c15-7632-4a42-adc7-562ffc57e232?

Zuckerberg backs reform of legal protections for social media

https://www.ft.com/content/9e9b8a33-74af-4a42-9c6f-1e24958de46c?

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US stocks drop on Monday on coronavirus fears, European banks, Alibaba’s push into grocery delivery Oct 27, 2020

Show notes

US stocks on Monday notched their biggest one-day drop in a month on fears that rising coronavirus infections will dampen business activity, and European banks get a lift from equities revenue. Plus, the FT’s China corporate tech reporter, Ryan McMorrow, explains how Alibaba is making a push into a crowded grocery delivery field.

Alibaba to pay $3.6bn to take control of Chinese supermarket chain Sun Art

https://www.ft.com/content/fb6dee7d-704e-444e-aa7f-32969296fb51

US stocks have worst day in a month as virus cases hit a record

https://www.ft.com/content/770938ee-c511-4332-968c-c290dd89cc33

Barclays recovers as bad debt charges fall

https://www.ft.com/content/8374dd0e-87c1-4b58-8c29-5cc4f45d3960

UBS pledges to boost payouts as pandemic impact diminishes

https://www.ft.com/content/10005024-87dc-41b8-abc4-728261b34bf0

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EU member states hesitate on recovery fund loans, upbeat Oxford vaccine trials, Brexit borders Oct 26, 2020

Show notes

Pandemic-struck EU member states are worried about debt and are hesitant to reach for recovery fund loans, and a Covid-19 vaccine trial out of the University of Oxford and AstraZeneca has shown promise in a recent trial. Plus, the FT’s Peter Foster and Judith Evans explain what kind of complications will occur at the UK border after the Brexit transition period ends.

Italy and Spain introduce new pandemic measures

ft.com/content/8d14f560-427c-451f-90df-8b464901d190

EU capitals hesitate over recover fund loans

ft.com/content/1621a33b-b05e-4b2d-b6d1-862a0455c1b9?

Astrazeneca Oxford Covid vaccine trials offer hope for the elderly

ft.com/content/b15446e5-66f7-4e6a-947a-1b638769ff79?

British sausage makers face EU freeze after Brexit

https://www.ft.com/content/a6b205e4-6171-4995-80d8-3f19b42d340a

Private jets take off as wealthy flyers seek to avoid virus

https://www.ft.com/content/17282807-ab86-4333-b6c2-b8128f87fd4f

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Final US presidential debate, FDA approves remdesivir, Intel data hit by pandemic Oct 23, 2020

Show notes

Donald Trump and his Democratic challenger, Joe Biden, clashed over issues from the pandemic to foreign policy in their final presidential election debate. Then, the FT’s Demetri Sevastopulo will explain why local races in Texas and around the US could dictate the political make-up of the country for years to come. Plus, Gilead has received the first US regulatory approval for a Covid-19 drug, and Intel reported a decline in data centre revenues and said its earnings fell by nearly a quarter from a year ago due to the pandemic.

Donald Trump and Joe Biden clash over coronavirus in final debate

https://www.ft.com/content/bef48683-9bde-4ac2-8906-797779593b22

Gilead secures FDA approval for remdesivir

https://www.ft.com/content/07a321de-109b-46aa-99bc-f884e0ed7703

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US intelligence election warning, Apollo hit by Leon Black’s Epstein ties, report from Lagos Oct 22, 2020

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The US director of national intelligence has warned that Iran and Russia are attempting to influence American voters before the November 3 US election, Tesla delivered a fifth straight quarterly profit in the three months to the end of September, and one of the biggest US public pension funds has frozen new investments with Apollo Global Management over concerns regarding Leon Black’s connections to Jeffrey Epstein. Plus, the FT’s West Africa bureau chief,Neil Munshi, reports on the violent crackdown by security forces on peaceful demonstrators in Lagos.

US official warns of Iranian and Russian election interference

ft.com/content/82d92abf-2dd2-4fb6-8d0a-1f12f7aedcb4

Tesla delivers its fifth straight quarterly profit

https://www.ft.com/content/e782cac4-cbdf-4d39-986e-8b7b7971de1d

Apollo investor halts new commitments over Leon Black’s Epstein ties

https://www.ft.com/content/7aa15cae-0baf-488b-8713-c4dc29bf193c

Violent crackdown on Nigerian protests prompts outrage

https://www.ft.com/content/1e06b3c1-f453-4e7e-b71b-b0dba31faaa3

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Snap Inc rises on advertising, US Department of Justice takes on Google, big tech regulation Oct 21, 2020

Show notes

Snap posted record revenues and attracted the highest-ever number of advertisers to its platform in the third quarter, and the US Department of Justice has accused Google of suppressing competition in internet search. Plus, the FT’s west coast editor, Richard Waters, explains how the US and Europe are handling the regulation of big tech in very different ways.

Netflix subscriber growth slows as lockdown boost fades

https://www.ft.com/content/de870037-4859-4660-87c8-b6bba656bd02

Snap reaps the benefits of Facebook boycott fallout

ft.com/content/cb762955-10bb-4d1e-bfb3-87c4ecf9d915?

US election: Facebook’s political balancing act

https://www.ft.com/content/ebbf9be3-307b-4fdd-a582-069099e3096c

Nick Clegg: Europe should tear down digital walls not build new ones

https://www.ft.com/content/98cf847c-96f9-4558-9a30-7d72ea4e79c2

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Stimulus uncertainty, Conoco-Concho deal, China’s semiconductor push Oct 20, 2020

Show notes

US stocks slid on Monday as a deadline on US stimulus talks looms and coronavirus cases continue to rise, and ConocoPhillips is betting on a post-pandemic oil recovery with its plans to buy Concho Resources for $9.7bn. Plus, the FT’s greater China correspondent, Kathrin Hille, explains why Chinese companies of all stripes are rushing into the country’s semiconductor industry.

US stocks slide as stimulus deadline looms

https://www.ft.com/content/6c0fd8ae-618e-42e9-8537-b6f6a4558ac2

ConocoPhillips to buy rival Concho in $9.7bn deal

https://www.ft.com/content/1da54146-244a-4e42-a90d-415298db3866

Chinese groups go from fish to chips in new ‘Great Leap Forward’

https://www.ft.com/content/46edd2b2-1734-47da-8e77-21854ca5b212

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European double-dip recession concerns, Sunak dangles lockdown money, Brexit market Oct 19, 2020

Show notes

Economists worry rising coronavirus infections and fresh government restrictions will cut short the region’s recent recovery, and UK chancellor Rishi Sunak is preparing to release tens of millions of pounds to end a coronavirus restriction deadlock with leaders in Greater Manchester. Plus, investors are keeping a close eye on sterling as the Brexit transition period nears the end. The FT’s Katie Martin will take a look at Brexit’s impact on sterling and the markets.

Europe’s economy is sliding towards a double-dip recession

https://www.ft.com/content/700355e2-362c-4f9f-a24e-ddc9f6ea9cb0

Sunak ready to release ‘tens of millions’ to secure Manchester Covid deal

https://www.ft.com/content/68e8e775-e69c-492c-bef2-a1c2863f5167

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