An historic prisoner swap
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 2 August 2024
⏱️ 11 minutes
🧾️ Download transcript
Summary
Investors were not happy with Amazon’s earnings report and Russia agreed to a historic prisoner swap with western countries. Plus, the FT’s Tommy Stubbington discusses how markets might react to a week of important central bank interest rate decisions.
Mentioned in this podcast:
Amazon earnings jump on cloud computing strength but margins narrow
A momentous week for central banks
US journalist Evan Gershkovich released in Russia prisoner swap
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Ethan Plotkin, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. 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
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Transcript
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| 0:00.0 | The UK's energy partner. |
| 0:06.0 | Learn more at equinore. |
| 0:10.0 | At Aquinore. UK. Good morning from the Financial Times. Today is Friday, August 2nd, and this is your |
| 0:17.2 | FT news briefing. Amazon is getting caught up in the big tech walloping, |
| 0:23.2 | and Russia agreed to a historic prisoner swap |
| 0:26.2 | with Western countries. |
| 0:28.2 | Plus we got a bunch of different Central Bank decisions |
| 0:30.7 | this week. |
| 0:31.7 | The F.T's Tommy Stubington helps us make sense of the market |
| 0:34.8 | reaction. |
| 0:35.8 | The picture is a little more complicated, partly because the US stock is starting to |
| 0:40.4 | get the jitters over the huge run-up we've seen in tech stocks this year. |
| 0:44.0 | I'm Mark Filipino and here's the news you need to start your day. Investors were not happy with Amazon's earnings report yesterday. |
| 1:05.0 | The company beat forecasts for growth in its artificial intelligence-powered cloud |
| 1:10.0 | computing business, but profit margins for that segment narrowed. |
| 1:15.0 | That's because Amazon reported a jump in capital spending. |
| 1:18.0 | Its share price fell more than 5% in after-hours training. The rest of the market had a bad day too, so we're sorry again for the |
| 1:26.5 | whiplash, I know it was just 24 hours ago that we told you that tech stocks were looking up. |
| 1:30.8 | The tech heavy NASDAQ composite fell more than 2% on |
| 1:34.4 | Thursday. Chip stocks weighed it down the most. Arm and Qualcomm published some |
| 1:38.8 | pretty modest outlooks and their stocks dropped by 16% and 10% throughout the trading day respectively. |
| 1:45.0 | Plus Intel fell about 17% in after hours trading because of its own sour earnings report. own Sour Earnings Report. Russia released 16 Western prisoners yesterday. |
... |
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