FT News Briefing

Market players are buzzing about the idea of 24/7 trading on the New York Stock Exchange. Meanwhile, ByteDance is gearing up for a legal showdown in the U.S. over TikTok's future amidst a crackdown on its operations. Goldman Sachs shakes things up by relocating its financial institutions head to Paris post-Brexit. Additionally, the Fed may raise interest rates, prompting traders to rethink their strategies in light of recent legislative changes affecting Chinese companies in the U.S.

Tesla shareholders are anxious as the company heads for its worst earnings in seven years. Meanwhile, oil markets remain surprisingly stable despite rising tensions in the Middle East. In China, a surge in manufacturing is fueling economic growth, shifting the government’s focus from property to sustainable tech. The podcast also highlights a budding patent dispute over mRNA technology among vaccine makers, and Parisians face challenges in cashing in on Olympic rentals as prices drop.

Lauren Fedor, the Deputy Washington bureau chief for the Financial Times, dives into the intricacies of the Pennsylvania electorate as both Trump and Biden campaign there. She explores how candidates must navigate diverse demographic groups to connect with voters, emphasizing strategies aimed at blue-collar workers and female constituents. The discussion touches on economic visions impacting the race, underscoring Biden's relationship with unions and Trump's efforts to regain ground. They also humorously examine a proposal to rename an airport after Trump, reflecting on political ironies.

Netflix is riding high with impressive profits, thanks to strong subscriber growth. Meanwhile, global markets are jittery over U.S. inflation concerns, sparking discussions about monetary policy's ripple effects. As India approaches elections, Prime Minister Modi gains business backing to address economic bottlenecks, particularly regarding tax and labor issues. However, challenges remain in improving the business environment, leading to a mix of optimism and uncertainty ahead of the vote.

Iran is hitting a six-year high in oil exports, cleverly navigating Western sanctions with Chinese support. EU leaders are squabbling over capital market reforms, highlighting tensions between larger and smaller member states. On the tech front, the explosive demand for AI is expected to increase energy needs tenfold by 2026, raising alarms about electricity supply. Experts discuss the challenges of meeting this surge, emphasizing the need for investments in renewable energy and innovative infrastructure to sustain AI growth.

Discover how Andreessen Horowitz is making waves with a massive fundraising effort, targeting AI start-ups. Delve into the surprising resilience of China's state-owned enterprises as they undergo reforms to attract investors. Meanwhile, the IMF predicts the U.S. will outpace other G7 nations in growth. As military tensions rise, listen to a comparison of Israel's advanced air defense strategies versus Ukraine's ongoing challenges with depleted resources, highlighting the shifting dynamics in global defense and economy.

Goldman Sachs surprises with a nearly $1 billion profit surge, showcasing its trading prowess. CVC Capital Partners is pushing for a public listing, navigating a complex history of previous attempts. Meanwhile, Tesla announces a 10% workforce reduction amidst mounting competition. The Darién Gap emerges as a dangerous migration route for those fleeing economic turmoil and violence in Latin America, revealing the challenges faced by migrants and the global implications on migration and politics.

Tensions escalate as Israel considers its response to a major attack by Iran, raising fears of a wider conflict. U.S. lawmakers face intense pressure to greenlight military aid for Israel. Meanwhile, major U.S. banks navigate the challenges of rising interest rates as depositors demand higher savings rates. In the lithium market, Tianqi Lithium's $4 billion investment in Chile encounters risks amid local reforms. The competition for lithium, critical for electric vehicle batteries, is heating up against a backdrop of geopolitical shifts.

Donald Trump is reshaping the Republican narrative on abortion after Roe v. Wade, claiming a new, state-focused approach. Recent court rulings in Arizona highlight this shift, igniting voter outrage and complicating the party's stance. Tensions between evangelical voters and the broader electorate could sway turnout in the upcoming election. Meanwhile, the discussion also touches on U.S. infrastructure under Biden, emphasizing the need for a coherent industrial strategy amidst evolving political dynamics.

Regulators are widening their investigation into Morgan Stanley amidst looming changes in U.S. money market funds. Managers plan to shut or convert $220 billion in prime funds before new SEC rules take effect. Meanwhile, a remarkable court ruling favors sanctioned Russian oligarchs, challenging the EU's sanctions policy. The podcast dives into the complexities of fund management and the potential repercussions for investors and the broader economy, highlighting the critical nature of regulatory compliance.