Apple hits $2tn, Germany fears zombie companies, Biden goes green
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 20 August 2020
⏱️ 10 minutes
🧾️ Download transcript
Summary
Apple has hit a $2tn market capitalisation just two years after it became the world’s first trillion-dollar company, concern is growing in Germany that a rule introduced as part of the country’s emergency response to coronavirus is fuelling the creation of thousands of so-called zombie groups that could end up sapping the economy for years to come. Plus, as Joe Biden prepares to accept the Democratic nomination for president, he’s putting green energy at the centre of his campaign.
Apple market value hits $2tn
https://www.ft.com/content/ef09a97a-fcea-44d7-a5c0-5dc67becf286
Germany haunted by spectre of zombie companies
https://www.ft.com/content/5d5d1bc1-61a3-46a9-915c-1a1e6f2e5fd2
Biden gambles on placing climate change at heart of US energy policy
https://www.ft.com/content/2ac477e7-34a4-4c0e-b9f4-018cef47d67d
Airbnb files for initial public offering
https://www.ft.com/content/a35a84b1-8177-40de-99d5-ca04d375cd3b
Hosted on Acast. See acast.com/privacy for more information.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Good morning from the Financial Times. Today is Thursday August 20th, and this is your FT news briefing. |
| 0:07.0 | A $2 trillion milestone for Apple, will an emergency response to COVID-19 in Germany lead to thousands of zombie companies? |
| 0:17.3 | And with Joe Biden scheduled to accept the Democratic nomination for President tonight, he's putting |
| 0:22.2 | green energy at the center of his |
| 0:24.0 | platform. We'll take a closer look. I'm Dan Bobkoff and here's the news you need to |
| 0:29.4 | start your day. It was only for a moment during the trading day, but yesterday Apple became a $2 trillion company. |
| 0:39.0 | That's measured by market cap. |
| 0:41.0 | The FT San Francisco correspondent Patrick McGee says it's been a |
| 0:45.6 | rapid rise over the past few months. |
| 0:48.0 | Funny, the craziest thing about Apple becoming a $2 trillion |
| 0:51.5 | company is that they had fallen to $1 trillion just 21 weeks ago. |
| 0:57.8 | So the initial response to COVID-19 for sort of the entire market was of of course to fall and then there was this |
| 1:04.7 | realization on top of having federal reserve support for the entire stock market |
| 1:08.7 | that wait a minute people are buying more iPads and more phones and more computers and all the |
| 1:15.1 | tech giants have just done really, really well. |
| 1:17.5 | People are just a lot more bullish about Apple's potential to dive into new markets where we haven't seen them play before and anytime |
| 1:24.4 | Apple goes into a new market they're not starting from scratch they're starting |
| 1:28.0 | from the basis of having almost a billion users of their smartphone and that just puts them in prime position to you know become a |
| 1:35.2 | FinTech giant or get into advertising. |
| 1:38.1 | Some people might focus on Apple in the US but they're not the first two trillion dollar |
| 1:42.1 | company if you can just sort just give us the context there |
| 1:44.5 | There's a certain respect in which we can call them the first two trillion dollar company but we just have to throw in the asterix that Saudi Aramco did hit two trillion dollars |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Forhecz Topher, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Forhecz Topher and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.