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FT News Briefing

Behind the Money: Wall Street, tech and energy during Trump’s second term

FT News Briefing

Forhecz Topher

News, Daily News, News & Politics

4.41.3K Ratings

🗓️ 17 November 2024

⏱️ 24 minutes

🧾️ Download transcript

Summary

Who will corporate America's winners and losers be under four more years of Donald Trump? This week, the FT’s Brooke Masters, Stephen Morris and Jamie Smyth explain what changes a second Trump administration will bring to three crucial sectors: Wall Street, tech and energy.


This is an episode of the Financial Times podcast Behind the Money. If you like what you hear, click here to listen to more episodes.


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For further reading:

Can the renewables boom withstand Trump?

A Wall Street giddy over Trump should remember history

Who’s who in the Musk ‘A-team’ vying to shape Trump 2.0

Trump 2.0: winners, losers and Elon

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On X, follow Brooke Masters (@brookeamasters), Stephen Morris (@sjhmorris), Jamie Smyth (@JamieSmythF) and Michela Tindera (@mtindera07), or follow Michela on LinkedIn for updates about the show and more. 


Read a transcript of this episode on FT.com


Hosted on Acast. See acast.com/privacy for more information.

Transcript

Click on a timestamp to play from that location

0:00.0

We're Equinor, an energy company searching for better.

0:03.0

Currently, we supply 27% of the UK's gas, 15% of its oil,

0:07.7

and we're playing our part in the UK's energy transition.

0:11.0

Our wind farms power 750,000 homes,

0:14.0

and we expect that to grow to over 7 million.

0:16.5

Last year, we invested 20% of our global growth spend in renewables

0:20.1

and lower carbon solutions.

0:22.0

We plan to increase that to 50% by 2030.

0:25.4

We're an energy company searching for better.

0:28.4

Equinore.co.uk.

0:32.1

Last week, American voters picked Donald Trump to be the country's next president.

0:37.1

After four years under President Joe Biden, this signals that there's likely going to be a lot of changes ahead come January 2025.

0:46.5

It's still early days, and there are a lot of unknowns.

0:51.0

But to get a better picture around how things might shake out, I wanted to speak with some of my

0:55.8

FT colleagues to try and understand how a second Trump administration will impact a few

1:01.8

key sectors in corporate America. So today on the show, we're going to go through each of those,

1:07.3

starting with Wall Street, then the tech sector, and then energy.

1:12.2

We're going to talk about how these industries are adjusting to the next Trump administration,

1:16.5

who's set to succeed and struggle over the following four years.

1:20.9

So let's get down to it.

1:23.0

I'm Mikhaila Tendera from the Financial Times, and this is behind the money.

1:34.5

Music I'm Michaela Tendera from The Financial Times, and this is Behind the Money. To kick it off, I want to talk about Wall Street. So to do that, I'm joined here in New York

...

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