Trump’s $50bn tariff haul
Japan’s ruling coalition lost its majority in the country’s upper house of parliament, and the European Union is trying to break its dependency on American tech. Plus, the London Stock Exchange Group is weighing whether to launch 24-hour trading, and US President Donald Trump’s tariffs have raised nearly $50bn in extra customs revenues.Mentioned in this podcast:Japan’s Ishiba loses majority in election blowCan Europe break free of American tech supremacy?London Stock Exchange Group considers launch of 24-hour tradingDonald Trump reaps $50bn tariff haul as world ‘chickens out’Today’s FT News Briefing was produced by Sonja Hutson, Katya Kumkova, Ethan Plotkin, and Marc Filippino. Additional help from Peter Barber and Alexander Higgins. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. 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.
21 Juli 10min
Is Ukraine sliding into authoritarianism?
Ukrainian President Volodymyr Zelenskyy is accused of authoritarianism after favoring loyalists in anti-corruption raids, and the Meta board settles a multibillion-dollar lawsuit over failing to prevent data breaches. Plus, FT columnist Ruchir Sharma explains why investors are going all in on Israel. Mentioned in this podcast:Volodymyr Zelenskyy accused of authoritarian slide after anti-corruption raidsMeta board settles Delaware case over multibillion-dollar cost of data breachesThe markets are signalling a clear winner in the Middle EastFT Weekend Fest Promo code: FTPodcastsToday’s FT News Briefing was produced by Sonja Hutson, Katya Kumkova, and Marc Filippino. Additional help from Kelly Garry, Michael Lello and David da Silva. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. 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.
18 Juli 10min
US investment banking is so back
Donald Trump asked lawmakers whether he should fire Federal Reserve chair Jay Powell, and Wall Street saw a surprise comeback in investment banking fees. Plus, the UK’s inflation rate rose higher than expected last month, and yields on Japan’s 10-year government debt jumped ahead of Sunday’s election.Mentioned in this podcast:Donald Trump asked lawmakers whether he should fire Fed’s Jay Powell Goldman Sachs profits jump 22% after investment banking gains UK inflation unexpectedly rises to 18-month high of 3.6%Japan’s 10-year yield hits highest level since 2008 financial crisisCredit: Fox NewsSend in your Swamp Notes questions (Marc.Filippino@FT.com)Today’s FT News Briefing was produced by Sonja Hutson, Katya Kumkova, Ethan Plotkin, Henry Larson and Marc Filippino. Additional help from Blake Maples, Michael Lello and David da Silva. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. 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.
17 Juli 11min
Why the UK kept an Afghan immigration scheme secret
US President Donald Trump sealed a trade deal with Indonesia and the UK had a secret plan to immigrate Afghans to Britain after a data leak. Plus, tariffs have finally hit US inflation, and climate change is driving the sale of catastrophe bonds. Mentioned in this podcast:Donald Trump announces trade deal with Indonesia Catastrophe bond sales hit record as insurers offload climate risksUK set up secret Afghan immigration scheme after data leak and gagged mediaUS inflation reaches 2.7% as Trump tariffs hitToday’s FT News Briefing was produced by Sonja Hutson, Katya Kumkova, and Marc Filippino. Additional help from Blake Maples, Michael Lello and David da Silva. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. 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.
16 Juli 10min
Washington weighs in on crypto
The EU proposes to shift its budget to send billions to eastern European countries, and bitcoin hits a record high as US lawmakers are about to vote on cryptocurrency laws. Plus, chancellor Rachel Reeves is set to talk about the UK’s vision for the financial services sector, and Nissan’s hybrid technology launch in the US. Mentioned in this podcast:EU budget shake-up to shift billions to eastern states Bitcoin hits $120,000 milestone as US Congress readies for ‘crypto week’ Rachel Reeves to hail fiscal ‘stability’ and City risk-taking in Mansion House speech‘E-power’: the hybrid tech Nissan is counting on to conquer the USToday’s FT News Briefing was produced by Fiona Symon, Mischa Frankl-Duval, Sonja Hutson, Katya Kumkova, and Marc Filippino. Additional help from Blake Maples, Michael Lello and David da Silva. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. 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.
15 Juli 10min
US investment banking expected to stay in the doldrums
The EU has put trade retaliations against the US on hold, and US investment banking is set to extend its losing streak. Plus, the FT’s Eleni Varvitsioti explains how Greece recovered from economic disaster in the past decade, but still has work to do.Mentioned in this podcast:EU pauses trade retaliation against US after Trump’s 30% tariff threatInvestment banking set to extend worst run in over a decadeHow Greece came back from the brinkToday’s FT News Briefing was produced by Persis Love, Sonja Hutson, Katya Kumkova, Mischa Frankl-Duval and Marc Filippino. Additional help from Alexander Higgins and Peter Barber. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. 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.
14 Juli 9min
Big Pharma markets left on a ‘patent cliff’-hanger
India is set to reach a record year in initial public offerings and Big Pharma is facing a wave of patent expiration dates. Plus, Meta goes to trial over who to hold accountable for corporate scandals. Mentioned in this podcast:India on track for record IPO yearThe looming ‘patent cliff’ facing Big Pharma Today’s FT News Briefing was produced by Sonja Hutson, Katya Kumcova, Henry Larson and Marc Filippino. Additional help from Kelly Garry, and Michael Lello. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. 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.
11 Juli 11min
Global copper market weighs Trump tariff threat
The UK and France have pledged for the first time to co-ordinate the use of their nuclear weapons, and the copper markets are reeling from US President Donald Trump’s threat to impose 50 per cent tariffs on the metal. Plus, Nvidia has hit a record market capitalisation at $4tn.Mentioned in this podcast:UK and France vow to co-ordinate nuclear deterrence for first timeGlobal copper market weighs impact of Donald Trump tariff threatNvidia becomes first company to reach $4tn in market valueSend your US politics questions to marc.filippino@ft.com Subscribe to the Swamp Notes podcastNote: An earlier version of this episode contained a segment with several factual errors about the composition of Canada's energy sector. That segment has since been removed from the show.Today’s FT News Briefing was produced by Sonja Hutson, Katya Kumcova, and Marc Filippino. Additional help from Blake Maples, Michael Lello and David da Silva. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music. Hosted on Acast. See acast.com/privacy for more information.
10 Juli 7min
