FT News Briefing

Joe Biden secures his position as the Democratic frontrunner after key primary wins, particularly in Michigan. Airlines face crisis with canceled flights and financial guidelines amid the coronavirus outbreak. A potential oil price war between Russia and Saudi Arabia poses risks to global stability. Meanwhile, the UK government shifts from austerity to boost infrastructure investment, pushing new fiscal measures under Chancellor Rishi Sunak to combat economic fallout from the health crisis.

Financial markets are shaken as oil prices plummet amid the chaos of the coronavirus pandemic. Italy is under quarantine, expanding efforts to contain the virus. Major medical foundations are joining forces to invest in COVID-19 treatments. Meanwhile, the U.S. government is set to unveil a relief package to mitigate economic damage. The oil price war has left U.S. shale producers in a precarious position, struggling to survive in a volatile landscape. Tensions between the EU and Turkey are also on the radar as both sides aim to address border issues.

Saudi Arabia sparks an oil price war after Russia declines to cut production, shaking the market. Italy imposes lockdowns on northern regions to combat the coronavirus spread. Citigroup announces major cuts to its currency trading platforms. Meanwhile, Turkey threatens to unleash migrants into Europe unless it receives more EU funding, amid escalating tensions regarding its refugee policies. The complex interplay of oil, health crises, and geopolitical strategies makes for a captivating discussion.

U.S. stocks took a hit as Treasury yields reached record lows, signaling market turmoil. Didi Chuxing is feeling the pinch from the pandemic with a significant drop in user numbers. ExxonMobil stands firm against rivals on carbon emission goals. Global oil traders are slashing demand forecasts, raising the stakes for OPEC to cut production. An urgent meeting is set to address the oil market crisis as prices continue to tumble.

US stocks bounced back after a significant interest rate cut by the Federal Reserve, stirring up market volatility. James Murdoch is investing heavily in start-ups that tackle the issue of fake news. In a strategic move, the US plans to invest $5 billion in Ethiopia to counter China's expanding influence. Additionally, financial institutions are facing challenges as they prepare for potential remote trading due to the coronavirus, grappling with technological and logistical hurdles.

Joe Biden makes a striking comeback in the Democratic primaries, challenging Bernie Sanders as the stakes rise. The Federal Reserve's unexpected interest rate cut stirs concerns about a looming recession. Meanwhile, Tesla short sellers cash in big as stock prices drop. Airbus faces tough decisions on delivery targets as the global pandemic reshapes airline demand. The intersection of innovation and design even touches on Kohler's smart toilet making waves at New York Fashion Week.

US stocks have bounced back, ending a seven-day losing streak as investors anticipate support from central banks in light of the coronavirus. Waymo raises $2.3 billion from investors, showcasing the growing interest in driverless technology. The complexities of UK-EU trade talks are highlighted, with discussions around Brexit's impact on regulatory standards. As the deadline for an agreement approaches, potential trade chaos looms, particularly concerning customs and negotiations with the US.

The podcast dives into the economic fallout from the coronavirus, signaling a looming global recession and calls for intervention. It highlights Elliott Management's aggressive challenges at Twitter following their $1 billion stake. There's a discussion about Wyoming's potential land deal with Occidental Petroleum. Lastly, the impact of Bernie Sanders' candidacy raises eyebrows as Wall Street considers the implications of socialist policies on the U.S. financial landscape.

US stock markets are feeling the pressure from coronavirus fears, entering correction territory. Saudi Arabia is pushing for major oil production cuts to combat dwindling demand. Meanwhile, China is working to reboot its factories amid ongoing challenges. Experts delve into the potential long-term impacts on global supply chains and trade. The discussion also highlights the anxiety surrounding financial markets and the concept of a Minsky moment, raising questions about governmental coordination during these unstable times.

Donald Trump addressed criticisms over his coronavirus response, predicting a market rebound while investors anticipate central bank stimulus. Microsoft cautioned that supply chain challenges would impact revenue forecasts for its products. In the U.K., Walmart is reconsidering its stake in Asda amidst fierce competition and shifting priorities. Additionally, innovative urban planning initiatives are tackling loneliness by creating inclusive spaces, aiming for healthier communities in cities like Singapore and New York.