Biden’s departing gift to Ukraine
FT News Briefing
Forhecz Topher
4.4 • 1.2K Ratings
🗓️ 31 December 2024
⏱️ 14 minutes
🧾️ Download transcript
Summary
US stocks dropped for the second straight trading session, the Biden administration said it will unleash almost $6bn in additional aid to Ukraine, and South Korea plans to inspect all B737-800 Boeing aircraft operated by domestic airlines after a passenger jet crashed. Plus, US asset managers are gobbling up business from their European rivals and the nightclub business is in decline.
Mentioned in this podcast:
US stocks slip in broad pullback as investors cash in on 2024 gains
US to send Ukraine $6bn in fresh military and budget assistance
South Korea to inspect all Boeing B737-800 aircraft after crash
The relentless advance of American asset managers in Europe
Who killed the rave? Late-night dancing falls into global decline
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. 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 | 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. |
| 0:33.7 | Good morning from the Financial Times. |
| 0:36.2 | Today is Tuesday, December 31st, and this is your FT News briefing. |
| 0:41.8 | Investors in U.S. equities are cashing in on another blockbuster year. |
| 0:47.1 | And the Biden administration is scrambling to send aid to Ukraine before Trump takes office. |
| 0:54.0 | Plus, European asset managers are getting shown up by their American rivals. |
| 1:00.1 | So as global investors looked around and said, I want to get away from slow growth in Europe, |
| 1:04.9 | they want to buy American assets. |
| 1:06.8 | I'm Sonia Hudson, and here's the news you need to start your day. |
| 1:20.4 | Music I'm Sonia Hudson, and here's the news you need to start your day. U.S. stocks dropped for the second trading day in a row yesterday. |
| 1:26.2 | The S&P 500 fell 1%, and the NASDAQ composite dropped 1.2%. |
| 1:32.2 | Equities had such a good year that investors are now selling shares so they can cash in on all that |
| 1:39.4 | growth. Monday's sell-off was really broad. About 95% of stocks tracked by the S&P fell. |
... |
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