FT News Briefing Investors unimpressed by US bank earnings, Paris and The Hague team up on EU tech, Amazon logistics
Oct 15, 2020
Investors are feeling skeptical about recent US bank earnings, despite lower loan loss provisions. Meanwhile, France and the Netherlands are making headlines by teaming up to push for EU regulations on big tech. As the holiday season approaches, Amazon faces significant logistical challenges and is ramping up its operations to meet soaring demand. The podcast delves into these intriguing dynamics shaping the financial landscape and tech industry.
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Investor Concerns about US Bank Earnings
- Investors are unimpressed with US bank earnings despite lower loan loss provisions.
- They are concerned about low interest rates and the underlying profitability of banks.
Franco-Dutch Cooperation on Tech Regulation
- France and the Netherlands, usually at odds on tech regulation, have teamed up.
- They support the EU's push against big tech, even suggesting breaking up companies like Google and Facebook.
Amazon's Logistics Challenge
- Amazon's logistics strategy, key to its pandemic success, faces a test this winter.
- Moody's calls the next few weeks a "litmus test" for Amazon due to increased demand.