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FT News Briefing

Biden edges towards victory, Bank of England stimulus, Uber earnings miss

FT News Briefing

Forhecz Topher

News, Daily News, News & Politics

4.41.3K Ratings

🗓️ 6 November 2020

⏱️ 10 minutes

🧾️ Download transcript

Summary

Joe Biden edged closer to a presidential victory on Thursday night while Donald Trump claimed without evidence that the Democrats were trying to “steal” the election. Plus, the Federal Reserve kept monetary policy steady, the Bank of England took more robust measures as the UK entered a second coronavirus lockdown, and Uber missed Wall Street’s expectations on earnings in the third quarter despite reporting an uptick in its ride-sharing business. 


Donald Trump calls for vote counting to stop as US awaits result

https://www.ft.com/content/b922453a-166c-446f-a50e-6727309b8375


Federal Reserve keeps monetary policy steady as Covid cases rise

https://www.ft.com/content/3b577f14-c638-4536-aeb0-f63508e7e295


Bank of England launches £150bn stimulus to boost consumer spending

https://www.ft.com/content/18ade542-d2a9-438a-ba5c-37b51475993b


Uber and Lyft in driving seat to remake US labour laws

https://www.ft.com/content/78e619f4-fabe-4077-a51a-491e24492263


Uber claws back business as lockdowns ease but misses Wall Street target

https://www.ft.com/content/933458fc-4bd8-407f-be0f-6467e83b6173


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Transcript

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0:00.0

Good morning from the Financial Times.

0:01.8

Today is Friday, November 6th.

0:04.1

And this is your F.T. news briefing.

0:08.7

Thursday was another day of waiting for results from the U.S. election, with Joe Biden saying he had no doubt

0:14.8

he'd be the next president. And the Federal Reserve and Bank of England took very

0:19.2

different measures when it came to monetary policy yesterday. Plus, just days after Uber landed a victory in California,

0:25.9

it reported so-so numbers in the most recent quarter.

0:29.0

Take a look.

0:30.1

I'm Mark Filipino, and here's the news you need to start your day.

0:33.6

As of Thursday night, Joe Biden was inching closer to a victory in the U.S. presidential election,

0:45.6

while Donald Trump took to a White House podium to make baseless claims the election was being stolen from him.

0:51.0

Our U.S. managing editor, Peter Speiegel, is with me to discuss what we know so far.

0:55.6

Peter, what did you hear from Biden and from Trump last night?

1:00.1

Well, we were really struck by Biden's language.

1:02.7

You know, he hardened up a little, he says he, there was, quote,

1:04.6

no doubt that he'd be the next president of the United States.

1:07.0

Now he has, you know, tried not declare victory, but that was pretty strong language

1:10.8

when he took the stage in Wilmington. We have no doubt that when the count is finished,

1:15.2

Senator Harris and I will be declared the winners.

1:18.0

So I ask everyone to stay calm, all the people to stay calm.

1:22.4

The process is working. They're pretty confident in talking to their

1:26.0

campaign officials that the mass is on their side in Pennsylvania and I think

...

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