FT News Briefing Friday, August 16
Aug 16, 2019
Gibraltar's release of an Iranian tanker raises eyebrows amid global tensions. Walmart shines with a surprisingly upbeat sales forecast, while the U.S. sees record retail growth in July. In Hong Kong, China's paramilitary police ramp up security near the border. Political drama unfolds as Israel denies entry to two U.S. congresswomen. On the tech front, the FT's Patrick McGee gives a sneak peek into the Apple Card's upcoming roll out, sparking discussions about financial privacy and user experience.
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Iranian Tanker Released
- Gibraltar released the Iranian tanker "Grace One" after a court battle.
- The U.S. attempted to seize the tanker at the last minute, adding to the international tension.
Walmart's Mixed Outlook
- Walmart's U.S. sales outlook improved, exceeding expectations despite trade war concerns.
- However, Brexit uncertainty negatively impacted U.K. sales at its Asda chain.
Retail Sales vs. Bond Yields
- U.S. retail sales saw their biggest jump in four months, exceeding predictions.
- Despite this positive data, investors sought safety in bonds, pushing 30-year U.S. bond yields below 2%.