FT News Briefing

In this discussion, Josh Franklin, the FT’s U.S. banking editor, reveals how U.S. banks are experiencing a resurgence post-Silicon Valley Bank's collapse, bolstered by better-than-expected earnings. Meanwhile, Michael Stott, FT’s Latin America editor, dives into Argentina's new president Javier Milei's economic policies and the tough choices concerning currency controls that could affect foreign investment. They also touch on global inflation concerns and the ripple effects in both U.S. and Eurozone economies.

James Politi, the Washington Bureau Chief for the Financial Times, and Jessica Taylor, Senate and Governors editor for the Cook Political Report, dive into the competitive landscape of the upcoming Senate elections. They discuss how Republicans are poised to reclaim the Senate with a favorable Congressional map. The duo examines challenges for Democrats, especially in battleground states like Florida and Texas. Insights on campaign strategies, the impact of Vice President Harris, and the nuances of the House's competitive nature further enrich the conversation.

The French government has proposed a budget for next year with some €60bn worth of spending cuts and tax increases, and Hurricane Milton ploughed across Florida on Wednesday. US inflation fell to 2.4 per cent in September. Plus, we look ahead to Japan’s early elections later this month. Mentioned in this podcast:French PM unveils shock therapy in 2025 budgetUS inflation fell to 2.4% in SeptemberHurricane Milton leaves millions without power after lashing FloridaJapan’s new prime minister pledges to tackle deflation in first policy speechSpanish star Rafael Nadal calls time on glittering tennis careerCREDIT: BBCThe FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Lucy Fisher, the FT's Whitehall editor and host of the Political Fix podcast, discusses key players in the UK Conservative Party leadership race. Tensions rise as two right-wing candidates emerge, each challenging the status quo on issues like immigration. The conversation shifts to Germany's economy, facing a daunting forecast of recession. Then, the talk turns to the U.S. government's serious consideration of breaking up Google to combat its monopolistic hold, raising questions about the future of search and competition in the tech industry.

Malcolm Moore, FT's energy editor, shares his insights on India's rush to boost oil production before the global energy transition. He discusses how the country is easing regulations to tap into untapped reserves amid rising demand. Valentina Papp, FT's Europe news editor, highlights the EU's legal battle against Hungary's new security law, exploring its implications on fundamental rights and the rise of far-right movements in Europe. Together, they delve into the evolving political and energy landscapes.

Barney Jopson, FT's Spain and Portugal correspondent, shares insights on Spain's innovative proposal for EU capital markets integration. Claire Bushey, a reporter on Boeing, delves into the striking machinists’ demands for better pay and pensions, highlighting how this labor unrest threatens Boeing's financial recovery. The discussion also touches on the broader economic challenges affecting the EU and the implications of key financial leaders skipping COP29.

Mahul Stravastava, an FT reporter focused on the Middle East conflict, shares insights into how the October 7 attacks are reshaping Israeli society and sentiment. He delves into the psychological impact on Israelis, emphasizing feelings of isolation and struggles for survival. Peggy Hollinger, FT Space Industry Editor, discusses the battle for radio spectrum control, highlighting Elon Musk's role and its implications for the space economy. The podcast also touches on the intersection of politics and national debt in the U.S.

Felicia Schwartz, a U.S. foreign affairs correspondent for the Financial Times, and Derek Brower, the political news editor, dive into the escalating Middle East conflict and its ripple effects on the U.S. election. They discuss the Biden administration's struggle to mediate peace amid rising tensions. The conversation highlights how candidates' stances on foreign policy shape voter sentiment, particularly in the Arab American community. They also analyze the implications of military aid to Israel and its timing in relation to the election.

Dockworkers have suspended their strike, bringing relief to major U.S. ports, yet markets remain surprisingly stable amid rising tensions in the Middle East. Italy plans to increase taxes on windfall profits from companies as they navigate budget challenges. Meanwhile, luxury powerhouse LVMH has secured a sponsorship deal with Formula One, aiming to expand its audience while the racing franchise seeks to broaden its market appeal. The outlook on market stability defies traditional expectations amidst global turmoil.

Lebanon faces a dire humanitarian crisis as over a million people are displaced due to ongoing conflicts, straining an already fragile state. The podcast dives into the urgent need for international aid amid the economic collapse. On a different note, China's aggressive advancements in renewable energy highlight ambitious projects aimed at decarbonization by 2060. It also discusses the challenges of shifting from coal dependency and the broader implications of China's green energy leadership on global clean technology.