FT News Briefing Wednesday, February 5
Feb 5, 2020
President Trump's State of the Union address claims incredible economic results. Pete Buttigieg unexpectedly takes a narrow lead in the Iowa caucuses amid reporting delays. The implications of these primary results loom large for New Hampshire. Meanwhile, the NYSE explores a potential takeover of eBay, raising investor interest. SoftBank's Vision Fund faces leadership changes due to internal concerns, and Ford's stock plummets as a disappointing outlook is announced. A whirlwind of political and corporate developments shapes the current landscape.
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Trump's State of the Union
- Donald Trump boasted about job growth and trade deals in his State of the Union address.
- He also highlighted tensions with Nancy Pelosi, including a snubbed handshake and a torn speech.
Iowa Caucus Upset
- Pete Buttigieg narrowly led Bernie Sanders in the initial Iowa caucus results, surprising many.
- Joe Biden trailed in fourth place, a disappointing outcome for his campaign.
Iowa Caucus Delays
- Iowa Democrats attributed the caucus result delays to a coding error in their reporting app.
- However, on-the-ground reports suggest human error and phone line issues also contributed.