Foreign investors feel the pinch of US stock slump

US President Donald Trump’s nominee to join the Federal Reserve has vowed to uphold central bank independence, bond traders are banking on revenue from Trump’s tariffs to bolster US public finances, and Nasdaq is trying to combat a number of suspected “pump and dump” scams. Plus, the “Amazon of Africa”, Jumia, is still trying to prove that it can be a profitable business after six years on the public market. Mentioned in this podcast:Stephen Miran vows to uphold Fed independence but says Donald Trump ‘entitled’ to a view on monetary policyBond investors count on Trump tariff revenues to rein in US debtNasdaq to tighten rules on small-cap stocks after suspected ‘pump and dump’ scams Is there a future for the ‘Amazon of Africa’?Sign up for the FT Weekend Festival at ft.com/festival and use the promo code “FTPodcasts” for 10 per cent off.Today’s FT News Briefing was produced by Victoria Craig, Katya Kumkova, Sonja Hutson, and Marc Filippino. Additional help from Alex Higgins, Michael Lello, David da Silva and Gavin Kallmann. The FT’s acting co-head of audio 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.

5 Sep 12min

Lloyds Banking Group will put thousands of its staff at risk of dismissal, and Indonesians are angered over the widening inequality in their country. Plus, MEPs in the European parliament are unhappy with the EU-US trade deal, and the FT’s John Foley explains what artificial intelligence has to do with the outcome of Google’s antitrust case. Mentioned in this podcast:Thousands of Lloyds staff face axe in performance overhaul European parliamentarians attack EU-US trade deal and demand changesGoogle shares jump after judge refrains from ordering break-upIndonesian rage over MPs ‘opulent lifestyle’ reflects deep economic discontentGoogle dodges a bulletToday’s FT News Briefing was produced by Fiona Symon, Katya Kumkova, Victoria Craig, and Marc Filippino. Additional help from Blake Maples, Michael Lello, David da Silva and Gavin Kallmann. The FT’s acting co-head of audio 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.

4 Sep 10min

A sell-off in government bonds spilled into the equity market as stocks fell on Tuesday, and Eurozone inflation ticked up to 2.1 per cent in August. Plus, European banks are intensifying their calls for regulators to remove obstacles to cross-border banking services in the EU. Mentioned in this podcast:European banks push for lower cross-border hurdlesUS stocks fall as bond sell-off spills into equitiesEurozone inflation rises to 2.1% in AugustPound falls as UK long-term borrowing costs hit highest level since 1998Sign up for the FT Weekend Festival at ft.com/festival and use the promo code “FTPodcasts” for 10 per cent off.Today’s FT News Briefing was produced by Fiona Symon, Victoria Craig Katya Kumkova and Marc Filippino. Additional help from Kelly Garry, and David da Silva. The FT’s acting co-head of audio 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.

3 Sep 11min

Israeli banks pressed to give back war profits to customers, Russia denies GPS jamming of an European commission jet, and Chinese manufacturer Xiaomi takes on Tesla and Apple. Plus the trial of a former Brazilian president is coming to a close.Mentioned in this podcast:Ursula von der Leyen’s plane hit by suspected Russian GPS interference Israeli banks plan giveaways after anger over wartime profitsThe Chinese gadget maker taking on Tesla and AppleToday’s FT News Briefing was produced by Josh Gabert Doyon, Marc Filippino, Persis Love, Fiona Symon and Manuela Saragosa. Additional help by David da Silva. Sound engineering by Jean-Marc Eck. The FT’s acting co-head of audio 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.

2 Sep 11min

The leaders of China and India met on Sunday amid trade tensions with the US, and Guyanese voters head to the polls today to chart a future for the world’s newest petrostate. Plus, the UK secures its largest ever warship deal with Norway, and AstraZeneca’s China division has recovered from a major scandal by pledging billions in new investment. Mentioned in this podcast:Xi and Modi say they are ‘partners not rivals’ in bid to repair tiesWorld’s newest petrostate heads for ‘mother of all elections’UK secures largest ever warship deal from NorwayAstraZeneca bounces back from scandal in ChinaToday’s FT News Briefing was produced by Ethan Plotkin, Persis Love, and Marc Filippino. Additional help from Jean-Marc Eck and Peter Barber. The FT’s acting co-head of audio 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.

1 Sep 11min

Some World Trade Organization members are preparing to unveil a new grouping to boost “trade openness”, and the FT’s Katie Martin unpacks the lack of market moves after Nvidia’s outlook. Plus, a four-month “ninja stealth rally” has driven Tokyo’s equity market to record highs. Mentioned in this podcast:Singapore, UAE and other small nations to launch trade partnershipNvidia growth outlook hit by China uncertaintyJapan’s ‘ninja stealth rally’ draws in global investorsListen to the Swamp Notes podcast on the World Trade OrganizationToday’s FT News Briefing was produced by Josh Gabert-Doyon, Sonja Hutson, and Marc Filippino. Additional help from Kelly Garry, Michael Lello, David da Silva and Gavin Kallmann. The FT’s acting co-head of audio 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.

29 Aug 11min

Nvidia’s earnings report signalled solid growth, cryptocurrencies are taking a hold of Venezuela’s economy, and more than half of the UK’s biggest listed companies chose external candidates as their new chief executive. Plus, SoftBank’s Masayoshi Son has become an unofficial diplomat between Washington and Tokyo. Mentioned in this podcast:Nvidia revenue jumps 56% on robust AI demandHow SoftBank’s Masayoshi Son became Donald Trump’s favoured foreign investorCrypto goes mainstream in VenezuelaLondon’s rush for external CEO candidates shows succession planning weaknessToday’s FT News Briefing was produced by Sonja Hutson and Marc Filippino. Additional help from Blake Maples and Gavin Kallmann. The FT’s acting co-head of audio 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.

28 Aug 10min

Investors are worried that Donald Trump’s attempted firing of a Federal Reserve governor could undermine faith in the world’s most important central bank, and FT sources say the US has said it is prepared to provide intelligence assets to any western security plan for postwar Ukraine. Plus, French assets were hit on Tuesday as investors reacted to the prospect of a government collapse as soon as next month.Mentioned in this podcast:US long-term debt sells off after Trump’s attempted firing of Fed governorUS offers air and intelligence support to postwar force in UkraineFrench assets hit by prospect of government collapseToday’s FT News Briefing was produced by Sonja Hutson and Marc Filippino. Additional help from Kelly Garry, Gavin Kallmann. The FT’s acting co-head of audio 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.

27 Aug 10min