Biden’s economic rescue plan, US banks report earnings, and the election for Merkel’s successor

FT News Briefing

Forhecz Topher

News, Unknown, News & Politics, Daily News

4.4 • 1.2K Ratings

🗓️ 15 January 2021

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

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Summary

Joe Biden plans to ask Congress for a $1.9tn economic rescue package, Federal Reserve chairman Jay Powell assures markets that asset purchases will continue, four big US banks report quarterly earnings, and far-right groups find alternative internet platforms to rally for further unrest. Plus, the FT’s Guy Chazan on who is vying to replace Angela Merkel as leader of Germany’s ruling party.

Biden to push $1.9tn stimulus for pandemic-battered US economy

https://www.ft.com/content/05e07e0d-1f2a-45da-bafb-367f4100c26a

Powell moves to stamp out market fear of exit from loose policy

https://www.ft.com/content/21d89f6d-be8f-48dc-9085-1e9baabcbdbe

Top US banks set for $10bn round of buybacks

https://www.ft.com/content/c2b155a3-8901-4011-be32-fde3f4bad740

Far-right turns to alternative platforms to stoke further unrest

https://www.ft.com/content/f5c4679b-20c5-4b68-bb6d-958f17385183?

After Merkel: the battle for the soul of the Christian Democratic Union

https://www.ft.com/content/ce034f34-cbc6-4ea9-8c16-41fc939fc0fe

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Transcript

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0:00.0	Good morning from the Financial Times.
0:01.8	Today is Friday, January 15th.
0:04.0	This is your FT news briefing.
0:07.0	U.S. President-elect Joe Biden laid out his fiscal stimulus plan last night,
0:12.4	just a few hours after Federal
0:14.2	Reserve Chairman Jay Powell assured investors the Central Bank won't end its
0:18.3	support for the US economy anytime soon. Some of the biggest US banksS. banks will report earnings today, and alt-right groups find alternate
0:25.9	platforms to rally for more unrest.
0:28.5	Plus, who will replace one of Europe's mostla Merkel.
0:33.0	We'll take a look at some of the contenders.
0:35.0	I'm Mark Filipino, and here's the news you need to start your day.
0:40.0	The U.S. economy is still struggling because of the coronavirus pandemic.
0:44.5	The latest weekly jobless claims show nearly 1 million people had applied for
0:48.4	unemployment last week.
0:49.7	It's one of the many tasks facing Joe Biden as he takes office.
0:54.0	And last night, the President-elect released a nearly $2 trillion economic stimulus plan.
0:59.0	Also yesterday, Federal Reserve Chairman Jay Powell reassured markets that the Fed would maintain the asset purchase program
1:05.5	and has placed to support the economy. Here to talk about these developments is the FT's
1:09.9	U.S. capital markets Correspondent Colby Smith.
1:12.5	Colby, let's start with Chairman Powell's comments.
1:15.8	What exactly did he say and why did he say it now?
1:18.8	Well, Chair Powell really wanted to send an explicit message
	...

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