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FT News Briefing

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Dec 23, 2021 • 11min

Who made up the metaverse?

Read a transcript of this episode on FT.comhttps://www.ft.com/content/693b3337-ce80-4150-866a-01e1c3730fadUS financial conditions are near the most accommodative on record even as the Federal Reserve has begun stepping up its exit from coronavirus crisis-era stimulus measures, and soaring US stock markets are masking a strong tide that is pulling down the share prices of hundreds of companies, and the FT’s European technology correspondent, Madhumita Murgia, discusses science fiction’s influence on technology and social attitudes towards technology, particularly artificial intelligence. US financial conditions remain easy even as Fed pulls back on stimulus https://www.ft.com/content/2c73b1f4-b8c1-415b-8df0-237eff180cb0US stock market advance masks treacherous undercurrentshttps://www.ft.com/content/d248d1af-261e-47c8-9a5f-0d264cb9f83bInto the metaverse: how sci-fi shapes our attitudes to the futurehttps://www.ft.com/content/2f35be37-9da8-4cf6-89b2-8488b36c5a63$10bn James Webb Space Telescope scheduled for Christmas Day launchhttps://www.ft.com/content/ebc84a97-961a-4ac0-bba1-678580d11a71The clips from the Metaverse story were from the 1984 movie The Terminator, the 1968 movie called 2001: A Space Odyssey, and the Japanese cartoon Astro Boy. The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann and Michael Bruning. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.  Hosted on Acast. See acast.com/privacy for more information.
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Dec 22, 2021 • 11min

America’s segregated banking

Read a transcript of this episode on FT.comhttps://www.ft.com/content/ee47c8a9-9e84-4e31-bcf0-2314be0b406fUS stock exchanges are increasing their efforts to attract new companies to fill the gap left by a decline in Chinese listings, and Turkey’s lira jumped sharply after President Recep Tayyip Erdogan announced a new savings scheme. Plus, the FT’s US banking correspondent, Imani Moise, explains why black Americans struggle to get cheap bank loans. US Exchanges look elsewhere in Asia to replace lost Chinese listingshttps://www.ft.com/content/4800e080-816c-415c-8269-5268ab81b91aTurkey’s currency surges after Erdogan unveils lira savings scheme - with Laura Pitel https://www.ft.com/content/5301a1ce-2658-4452-860c-4c19fbcaa037Race and finance: America’s segregated banking sector - with Imani Moise https://www.ft.com/content/e63cbe88-6d46-4119-9067-e10a926c61c2Chinese investors pick luxury watches over houseshttps://www.ft.com/content/a9a34f94-9a49-4938-ae9e-ec4e6d2f4838The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann and Michael Bruning. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.  Hosted on Acast. See acast.com/privacy for more information.
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Dec 21, 2021 • 9min

Chile veers left

Read a transcript of this episode on FT.comhttps://www.ft.com/content/5e8d9be2-8efa-4339-b80a-53ffe0664ec1US retailers’ supply chain problems are being exacerbated by computer programs known as “Grinch bots” that are buying up the most sought-after holiday gifts in split-second online swoops, Chinese artificial intelligence company SenseTime is relaunching its initial public offering in Hong Kong with the help of investment from state-backed entities after being blacklisted by the US, and in Chile a former student protest leader has won the final round of the presidential election as the Latin American country took a decisive shift to the left after several years of civil unrest.SenseTime’s IPO rescued by Chinese state-backed funds - with Ryan McMorrow https://www.ft.com/content/71709423-0fe2-4028-b208-68cbd0b2bd30‘Grinch bots’ buy up online goods during holiday shopping seasonhttps://www.ft.com/content/11e81aaa-9c7e-4099-b3c8-54f8adc9e5caChile election won by former student protest leader Gabriel Boric - with Michael Stott https://www.ft.com/content/fa9ba840-5d66-45e6-bf7a-2b8b4f6d9386The fight for the future of Chile https://www.ft.com/content/70981218-05a4-4685-86e0-a19b7cae7ff9The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann and Michael Bruning. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.  Hosted on Acast. See acast.com/privacy for more information.
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Dec 20, 2021 • 8min

The melody of a yield curve

Read a transcript of this episode on FT.comhttps://www.ft.com/content/b08546bc-7eee-4c25-9e5c-db458728e4c2US president Joe Biden suffered a blow to his efforts to pass his signature $1.75tn social spending bill when Joe Manchin, the pivotal Democratic senator from West Virginia, explicitly rejected the package, European countries are tightening restrictions to reduce the spread of Omicron after the Netherlands reimposed a strict nationwide lockdown on Saturday, and FT capital markets correspondent Tommy Stubbington explains why the yield curve is so important to investors using a musical interpretation of the all-important chart. European countries impose travel curbs to slow Omicron’s spreadhttps://www.ft.com/content/3316b665-9bfa-4e7e-ae68-c46601950cefMillions to lose child benefit as Biden social spending bill is delayed - with Taylor Nicole Rogers https://www.ft.com/content/9f4f23ca-304f-4738-807f-17a24ca6e82cJoe Manchin says he will vote against Biden spending billhttps://www.ft.com/content/a979165a-fd1c-4b85-8604-28085e2c0c9bThe yield curve: why investors are watching closely - with Tommy Stubbington https://ig.ft.com/the-yield-curve-explained/VIDEO: Sonification: turning the yield curve into musichttps://www.ft.com/content/80269930-40c3-11e9-b896-fe36ec32aeceThe FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann and Michael Bruning. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.  Hosted on Acast. See acast.com/privacy for more information.
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Dec 18, 2021 • 29min

FT Weekend—Predictions for 2022: Britney, flip phones and the metaverse

It's the final FT Weekend episode of 2021, and we are marking the end of one unpredictable year and the start of another. What do you think will happen in 2022? Matt Vella, FT Weekend Magazine editor, joins Lilah to discuss listeners’ cultural predictions. A lot of them had an air of nostalgia: Will Britney make a documentary about her life? Will flip phones make a comeback? Then, our pop critic Ludovic Hunter-Tilney teaches us the art of the perfect holiday playlist. --------------If you want a great offer on an FT subscription specifically for listeners (and not a bad Christmas gift!) use this link: http://ft.com/weekendpodcast--------------Thank you for listening to the show this year. We’ll be back on January 8! What culture will you be reading, watching, listening to during the holidays? Say hi and let us know! Email us at ftweekendpodcast@ft.com. We’re on Twitter @ftweekendpod, and Lilah is on Instagram and Twitter @lilahrap. --------------Links and mentions from the episode: –Two books by the late, great bell hooks: The Will to Change, and All About Love–The FT’s Christmas roundup-(the complete guide to eating, drinking, giving and self-caring your way to a very merry holiday this year): https://www.ft.com/content/3d6c80dd-dbc3-4e0e-939f-b917aa401dfc Here are Ludo’s reviews of his favourite albums of the year (all free to read):–The Weather Station: Ignorance https://www.ft.com/content/57aef341-cce1-4816-9939-3c71a3fe5edf –Nation of Language: A Way Forward https://www.ft.com/content/ed7f3da8-d033-4ca0-90c7-1b7e4b425a19 –Pharoah Sanders, Floating Points and the London Symphony Orchestra: Promises https://www.ft.com/content/c00c0655-013d-4d3b-8c7c-bf7dea47c1fc --------------Thank you to everyone who shared your notes, including: Andrei Berghianu from Romania, Olga Sihmane from Stockholm, Ashley Harris from Brooklyn, Lily Bland, Roger Ralph, Manish Prayaga, Helen Beedham, April from Los Angeles and so many more.--------------Original music by Metaphor Music. Mixing and sound design is by Breen Turner.  Hosted on Acast. See acast.com/privacy for more information.
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Dec 17, 2021 • 9min

The Bank of England’s surprise rate rise

Read a transcript of this episode on FT.comhttps://www.ft.com/content/5355f6b9-ad94-401e-bedd-557a9e75b15fResidents of America’s biggest cities are struggling to book vaccine appointments because of the rising wave of the Omicron coronavirus variant, and TPG is joining the wave of private equity groups that are going public. Plus, the FT’s markets editor, Katie Martin, explains why investors were so taken aback by the Bank of England’s rate rise yesterday. Americans rush for vaccine boosters ahead of Omicron wave - Kiran Stacey https://www.ft.com/content/ed003f92-98fc-41e5-9884-565ddfe05196France to block entry to UK tourists as Omicron surgeshttps://www.ft.com/content/9e84e155-2963-4d29-8331-cace0d022fa5TPG joins wave of private equity groups going public https://www.ft.com/content/8fd93e65-9cc5-4156-9489-214b7a8c44d2Bank of England raises key interest rate to 0.25% - with Katie Martinhttps://www.ft.com/content/eb35ea37-fb8b-43a7-9d30-d985c58e62d7Uefa picks US bank to lead €7bn football financing packagehttps://www.ft.com/content/25a79b68-ba14-466a-bffd-fcda2a1103a7The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann and Michael Bruning. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.  Hosted on Acast. See acast.com/privacy for more information.
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Dec 16, 2021 • 9min

The Fed expects three interest rate rises for next year

Read a transcript of this episode on FT.comhttps://www.ft.com/content/5418e790-754e-4421-a7d2-99fd610466c3Federal Reserve officials expect to raise interest rates three times next year, and investors are piling into inflation-linked assets in a bet that consumer prices will continue to soar. Plus, the FT’s law courts correspondent, Jane Croft, tells the tale of a money laundering conviction that started with garbage bags stuffed with cash. Fed officials expect three rate rises next year in hawkish pivot on inflationhttps://www.ft.com/content/834e773c-0bf6-4510-87d3-123a5d040c05Investors pour billions of dollars into inflation-linked assets - with Kate Duguidhttps://www.ft.com/content/76122770-a4ac-4cee-a045-fc1a298c1d5eNatWest fined £265m for money laundering failures - with Jane Croft https://www.ft.com/content/f080cc09-62bc-4898-9814-ee7759d80cd7M&S sues discounter Aldi over ‘copycat’ Christmas gin https://www.ft.com/content/ffccedd3-db95-4e5e-8641-d0cb9caeff81The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann and Michael Bruning. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.  Hosted on Acast. See acast.com/privacy for more information.
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Dec 15, 2021 • 9min

The queen of the bull market faces her toughest test

Read a transcript of this episode on FT.comhttps://www.ft.com/content/9db04e62-720a-47b6-89a8-3fc0f383b489The US Federal Reserve is expected to announce a swift scaling back of its enormous stimulus programme and boost its expectations for interest rate increases next year, and the UK’s Advertising Standards Authority has taken the crypto industry to task for “widespread” problems with misleading and irresponsible ads. Plus, Ark Invest’s CEO, Cathie Wood, is known as the queen of the bull market. But the FT’s asset management editor, Harriet Agnew, explains that Wood’s concentrated bets on disruptive companies have left the pioneering ETF manager vulnerable. Fed poised to announce acceleration of stimulus taper - with Colby Smith https://www.ft.com/content/834e773c-0bf6-4510-87d3-123a5d040c05UK advertising regulator issues rebukes to crypto industryhttps://www.ft.com/content/b48040e5-d510-4ac8-9e6c-6af568e587adCathie Wood’s Ark: a tech-driven bull market on steroids - with Harriet Agnew https://www.ft.com/content/67289726-85d3-47e2-9f1c-942f5f95d37dRentokil to buy US extermination specialist Terminix in $6.7bn dealhttps://www.ft.com/content/9182feea-3dd5-406b-8b70-d3e1e7090227The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann and Michael Bruning. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.  Hosted on Acast. See acast.com/privacy for more information.
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Dec 14, 2021 • 9min

The battle inside JPMorgan over A-Rod’s millions

Read a transcript of this episode on FT.comhttps://www.ft.com/content/6c90116a-d978-4b3c-9fba-0b57b2a42aecThe US Department of Labor is investigating Apple over claims that it retaliated against an employee who complained of workplace harassment and unsafe working conditions, European gas futures rose 10 per cent on Monday after German foreign minister Annalena Baerbock said the Nord Stream 2 pipeline could not be permitted in its current form because it did not comply with EU law; and a senior banker at JPMorgan Chase is battling the bank and her colleagues who she says have been trying to poach her billionaire and multimillionaire clients. Apple faces probe over whether it retaliated against whistleblowerhttps://www.ft.com/content/973aae8d-21d9-4e84-8912-ead071c7935dEuropean gas prices rise after German concerns over Nord Stream 2 - with Guy Chazan https://www.ft.com/content/15a057f2-7647-496d-bcc6-6c4bcb836db6A baseball star in the ‘shark tank’: inside JPMorgan’s client poaching row - with Joshua Franklinhttps://www.ft.com/content/3b7ae6dc-b213-4463-b980-3b0401087187Harley-Davidson to spin off electric motorcycle divisionhttps://www.ft.com/content/0d290d5d-2f71-4991-928c-cc4518466f66The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann and Michael Bruning. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.  Hosted on Acast. See acast.com/privacy for more information.
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Dec 13, 2021 • 10min

Fast fashion’s new superpower: Shein

Read a transcript of this episode on FT.comhttps://www.ft.com/content/99bcfb02-6de4-4658-9d7f-c210db884fdfThe cost of flying cargo around the world has reached record levels, and workers are demanding that gig economy companies explain their algorithms. Plus, the FT’s retail correspondent, Jonathan Eley, explains how the Chinese company Shein became one of the world’s biggest fast fashion companies and recently surpassed Zara to become the top fast fashion brand in the U.S.Air freight costs soar to record highhttps://www.ft.com/content/15b44fc9-5f86-4b28-ae05-a3233db13977Workers demand gig economy companies explain their algorithms - with Madhumita Murgia https://www.ft.com/content/95e7f150-b0f9-4602-8e5d-76a138b59851Shein: the Chinese company storming the world of fast fashion - with Jonathan Eley https://www.ft.com/content/ed0c9a35-7616-4b02-ac59-aac0ac154324Widening CEO-employee pay gap challenges ‘stakeholder capitalism’https://www.ft.com/content/7c9be0d8-d75b-45f3-8602-932ac25652b1The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann and Michael Bruning. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.  Hosted on Acast. See acast.com/privacy for more information.

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