FT News Briefing Trump’s cabinet takes shape
Nov 14, 2024
The podcast dives into John Thune's rise as Senate leader, signaling a shift in Republican dynamics. It discusses Trump’s cabinet picks, including controversial appointments like Matt Gaetz as attorney-general. Inflation is also highlighted, rising to 2.6% as the Fed deliberates on interest rates. Furthermore, Nissan's struggles are examined, revealing the impact of activist investors and the challenges in adapting to a rapidly changing car industry, especially against the backdrop of global competition and the shift to electric vehicles.
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Trump's Cabinet Picks
- Trump's cabinet appointments reveal two key trends: speed and loyalty.
- He's prioritizing loyalty over experience, indicating his governing style.
Controversial Attorney General Pick
- Trump chose Matt Gaetz as Attorney General, a controversial figure.
- Gaetz faces prior sex trafficking allegations, raising concerns about Senate approval.
Foreign Policy Appointments
- Trump's foreign policy appointments suggest a hawkish stance on China.
- The selection of Fox News host Pete Hegseth for Defense Secretary raised eyebrows.