FT News Briefing Trump concedes election, stock markets ignore political chaos, Boeing’s 737 Max settlement
Jan 8, 2021
President Trump concedes power, prompting discussions about how Joe Biden can unite a divided nation. Despite political chaos, global stock markets continue to rise, driven by hopes for government stimulus. Boeing agrees to a $2.5 billion settlement over the 737 Max crashes, highlighting ongoing safety concerns. Meanwhile, music icon Neil Young cashes in on the streaming boom, selling half of his catalog. The podcast dives into these pivotal events shaping the political and economic landscape.
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Biden's Advantage
- Biden enters office with a united Democratic Party and a divided Republican Party.
- This division strengthens Biden's hand as he begins his presidency.
Biden's Strengths
- Biden's experience in Washington and the Senate makes him well-suited to bridge the political divide.
- His working-class background could help him connect with Trump voters.
Market Resilience
- Despite the chaos in Washington, global stock markets remained unfazed.
- Investors focused on the potential for additional stimulus under the Biden administration.