FT News Briefing Thursday, July 4
Jul 4, 2019
US stocks hit record highs as a bond rally sparks optimism for looser monetary policies. Huawei's founder warns of upcoming challenges in the Internet of Things sector amid escalating tensions with the US. Meanwhile, Boeing commits $100 million to support families affected by the 737 MAX crashes. The podcast also sheds light on Christine Lagarde's upcoming leadership role at the European Central Bank, exploring her unique challenges as she steps into this critical position.
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Market Reaction to Lagarde's Nomination
- U.S. stocks hit record highs amidst a global rally, influenced by Lagarde's ECB nomination.
- Investors anticipate extended loose monetary policy in the Eurozone under Lagarde's leadership.
Huawei's IoT Focus
- Huawei founder Ren Zhengfei predicts the next U.S. battle will be over the Internet of Things (IoT).
- Huawei aims to dominate the global IoT market by setting industry standards.
Boeing's Financial Pledge
- Boeing pledged $100 million to aid families affected by the 737 MAX crashes.
- The crashes, linked to faulty software, resulted in 346 deaths and subsequent lawsuits.