Biden’s stimulus push, Texas blackouts, warehouse automation
FT News Briefing
Forhecz Topher
4.4 • 1.2K Ratings
🗓️ 16 February 2021
⏱️ 10 minutes
🧾️ Download transcript
Summary
President Joe Biden heads to Wisconsin to sell his stimulus plan, and the cold snap in Texas tests the state’s freewheeling electricity model. The pandemic’s online shopping surge has led to more warehouse automation, but that is making some human jobs tougher. Plus, Russian discount retailer Fix Price is planning a London stock market listing that could value the company at more than $6bn.
Biden steps up stimulus pitch in bid to seal deal with Congress
https://www.ft.com/content/1c172f12-87c0-4fda-82f2-40954d36b3f8
Texas starts blackouts as frigid weather sends power prices surging
https://www.ft.com/content/4d07eedc-b3ec-417e-8cb1-5895178c9f9b
Why I was wrong to be optimistic about robots
https://www.ft.com/content/087fce16-3924-4348-8390-235b435c53b2
Russian discount retailer aims to raise $1bn in London IPO
https://www.ft.com/content/f8f68d4a-42b3-4c75-80ec-545b7d47831f
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Transcript
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| 0:00.0 | Good morning from the Financial Times, today's Tuesday, February 16th, and this is your |
| 0:06.4 | F.T. news briefing. |
| 0:08.8 | Joe Biden is going on a road trip. |
| 0:10.7 | He thinks he might be able to sell American voters on his COVID relief plan, even if he |
| 0:14.8 | can't sell it to Republican senators. |
| 0:17.4 | In Texas, blackouts and sub-freezing temperatures are challenging the state's free-wheeling market |
| 0:21.8 | for electricity. |
| 0:22.8 | Our employment column is Sarah O'Connor, used to be optimistic about robots, now she's |
| 0:27.7 | not. |
| 0:28.7 | A Russian discount retailer is planning an IPO in London. |
| 0:32.5 | I'm Brennan, really, in for Mark Filipino, and here's the news you need to start your |
| 0:36.4 | day. |
| 0:40.0 | Joe Biden is leaving Washington, and will take his case for a $1.9 trillion relief plan |
| 0:45.0 | to Milwaukee, Wisconsin. |
| 0:46.9 | It is his first trip outside the Capitol since becoming president. |
| 0:50.8 | Biden and his top officials have struggled to gain support from Republicans on Capitol |
| 0:54.7 | Hill for another COVID spending package, which includes $1,400 checks for individuals, extra |
| 1:00.0 | funding for unemployment benefits, an increase in child tax credits, and aid to state and |
| 1:05.0 | local governments. |
| 1:06.8 | Many Republican lawmakers have argued that the price tag is excessive, but polls show |
| 1:10.6 | that much of the legislation has high levels of support among U.S. voters, in particular |
| 1:15.8 | the direct payments to households. |
... |
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