FT News Briefing Thursday, November 28
Nov 28, 2019
President Trump signs bills to support Hong Kong's pro-democracy protests, stirring U.S.-China relations. Meanwhile, Christine Lagarde pushes for climate change to be central in the European Central Bank's strategy. Ken Fisher's firm thrives despite controversy, while India faces a worrying economic slowdown with plummeting GDP growth. The podcast delves into the challenges affecting India's investment appeal and manufacturing sector, painting a complex picture of its economic landscape.
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Trump Signs Hong Kong Bills
- President Trump signed two bills supporting Hong Kong protesters, impacting trade and policing.
- This move may strain US-China trade deal negotiations.
Lagarde's Climate Change Focus
- ECB President Christine Lagarde wants to include climate change in the bank's strategic review.
- Some central bankers believe climate change falls under government fiscal policy, not monetary policy.
Fisher Investments Growth
- Ken Fisher's firm, Fisher Investments, reached a record $115 billion in assets despite his controversial remarks.
- Retail investors, unlike institutional investors, continued investing, likely driven by market performance.