FT News Briefing

Wall Street stocks dip as Meta's earnings disappoint, impacting tech market sentiment. Turkey and Ukraine strengthen defense ties, defying Moscow's warnings, while the complexities of their geopolitical relationship unfold. Major sponsors face backlash over ignoring the plight of China's Uyghur Muslims during the Olympics, reflecting the tension between profit and morality. Additionally, Amazon's stock surges amid a price hike, signaling a shift in consumer spending dynamics. The discussion reveals the intertwined nature of finance, politics, and corporate responsibility.

Spotify faces backlash from the Joe Rogan controversy, resulting in disappointing subscriber growth predictions. Investors push for higher interest rates as Eurozone inflation reaches a record 5.1%. Meanwhile, Argentina's political landscape unravels after a key leader's resignation over an IMF debt deal, raising fears of economic instability. The nation grapples with declining reserves and the threat of default, deepening the crisis amid internal political strife.

Recent developments reveal Alphabet's significant stock split and a nationwide silent strike in Myanmar against military rule. Experts discuss the surprising slowdown in plant-based meat sales, exploring shifting consumer tastes and challenges within the industry. As larger corporations strive to breathe new life into the market, optimism lingers about the future of plant-based alternatives. The podcast also lightens up with a whimsical conclusion to a cake rivalry, providing a sweet contrast to serious business discussions.

The US stock market is experiencing its worst January since the 2009 financial crisis, with analysts remaining cautiously optimistic. Meanwhile, the US and European allies are preparing an unprecedented sanctions package aimed at crippling Russia's economy and targeting oligarchs. In Italy, the re-election of Sergio Mattarella provides political stability amidst rising geopolitical tensions. Additionally, the gaming industry sees landmark moves, as Sony makes headlines with its $3.6 billion acquisition of Bungie.

A leading sovereign wealth fund warns of prolonged low investment returns due to persistent inflation. In Mariupol, residents share their views on the threat of a Russian invasion while reflecting on years of conflict. Companies like Apple adapt to ongoing supply chain challenges, and the complexities of local sentiments shape life in the city. Meanwhile, TUI seeks to recover from the pandemic with ambitious fundraising plans, signaling hope for the travel industry.

In this engaging discussion, Tom Faber, FT's gaming critic renowned for his insights on the cultural impact of games, joins Jo Ellison. They delve into the art of mudlarking on the Thames, uncovering historical treasures that connect us to everyday life from centuries past. The conversation then shifts to the enduring appeal of games, exploring why some have captivated players for over 7,000 years, including the rise of modern board games that foster social bonds and promote collaboration.

Apple has set a record for holiday revenue, highlighting strong iPhone sales. Tensions rise as Western nations consider sanctions against Russia over potential aggression in Ukraine. There’s a critical discussion on Europe’s energy dependence on Russia and the economic fallout from proposed sanctions. Meanwhile, the Federal Reserve hints at a tougher stance on inflation, stirring market volatility. Finally, the UK's new information watchdog aims to assert control over Big Tech in a changing regulatory landscape post-Brexit.

Tesla celebrated a record $2.3 billion profit but is grappling with supply chain issues. The Federal Reserve is preparing for possible interest rate hikes to combat rising inflation. Meanwhile, China's vaping queen faces a stock plunge due to government investigations, while Apple reclaims its position as the top smartphone brand in China amidst a market struggling with major regulatory challenges. The interplay of these events highlights a dynamic period for major players in the tech and finance sectors.

Google is shaking up the advertising world by overhauling its cookie policies, raising questions about privacy and future advertising strategies. Meanwhile, the owner of 7-Eleven is under pressure from investors to separate its brands. In Italy, Mario Draghi's potential presidential role is causing political turbulence, complicating the search for a successor in a fragmented government. The stakes are high as Italy faces challenges in utilizing critical EU recovery funds amid uncertainty about leadership.

U.S. stock markets experienced a surprising rebound after a sharp drop, with traders diving back in amidst Federal Reserve concerns. Peloton is facing challenges post-pandemic, influenced by an activist investor pushing for leadership changes while the connected fitness craze endures. Meanwhile, the UAE successfully intercepted missiles from Houthi rebels, raising alarms about regional security and its impact on investment and tourism. The intersection of fitness, finance, and geopolitical tensions makes for a fascinating discussion!