FT News Briefing Wednesday, April 24
Apr 24, 2019
The U.S. stock market hits new highs as central bank strategies take center stage. Jack Dorsey discusses crucial issues with President Trump, while an industry leader reveals plans to bring jobs back to Europe. The Democratic party grapples with a split over impeachment strategies post-Mueller report, debating immediate action versus a focus on the upcoming election. Additionally, the podcast delves into the historical context and implications of impeachment, examining past presidents and the legal frameworks involved.
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US Stock Market Reaches Record Highs
- The S&P 500 and Nasdaq Composite hit record highs, driven by central bank activity.
- Healthcare and IT stocks performed particularly well, benefiting from a risk-on environment.
Dorsey Meets Trump
- Twitter CEO Jack Dorsey met with President Trump to discuss the platform and social media.
- Trump had earlier accused Twitter of discrimination, but Dorsey reassured him about follower counts.
European Investment Outlook
- Carl-Henric Svanberg believes European companies will increase domestic investments.
- He champions European stakeholder capitalism over American and Chinese models, citing its sustainability.