FT News Briefing Thursday, February 6
Feb 6, 2020
Donald Trump was acquitted by the Senate, with Mitt Romney making headlines for his surprising vote. Meanwhile, HSBC is delaying the appointment of a new CEO as it revamps its strategy. In China, energy executives predict a 25% drop in oil consumption due to the coronavirus's impact on demand. Additionally, the podcast discusses Spotify's aggressive push into the podcasting world and how it might transform its music streaming business amid financial challenges.
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Trump's Influence
- Only one Senator, Mitt Romney, broke party ranks to convict Trump.
- This highlights Trump's influence on the Republican party and increased political polarization.
Historic Vote
- Romney's vote marks a historic event in US politics.
- He is the first senator ever to vote to convict a president from his own party.
HSBC CEO Delay
- HSBC delays appointing a permanent CEO, adding uncertainty for investors.
- Interim chief Noel Quinn will unveil a strategic overhaul involving job losses before a permanent CEO is named.