Biden survives press conference; China's exports swell, and more
The World in Brief from The Economist
The Economist
4.1 • 1.2K Ratings
🗓️ 13 July 2024
⏱️ 6 minutes
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| 0:00.0 | The Economist. |
| 0:04.3 | Hello, you're listening to the free edition of the world in brief from The |
| 0:09.9 | Economist. As a reminder, if you subscribe to the economist, you'll get access to a deeper look at the day ahead, updated three times a day. |
| 0:20.0 | If you're already an economist subscriber, visit Economist.com slash Espresso, |
| 0:25.5 | or visit our Espresso app to start listening. |
| 0:28.6 | Here's today's free edition. This is the World in Brief from The Economist. |
| 0:37.0 | Our top stories. |
| 0:44.0 | Joe Biden reportedly arranged virtual meetings |
| 0:48.0 | with congressional groups one day after delivering a closely watched press conference. |
| 0:53.0 | 20 Democrats in the House of Representatives and one senator have publicly called on him to step aside. |
| 1:00.0 | In Thursday's news conference Mr Biden combined verbal gaffes with a firm grasp of foreign policy. |
| 1:08.0 | He promised to stay in the presidential race and, quote, complete the job. |
| 1:14.0 | China's trade surplus rose to $99 billion in June, an all-time high. |
| 1:20.0 | The government is throwing cash and manufacturing firms propelling exports. |
| 1:25.0 | At the same time, weak domestic demand has depressed imports. |
| 1:30.0 | The figures will spook China's trading partners who complain that the subsidies have allowed it to flood their markets with goods, including electric cars at cutthroat prices. |
| 1:41.0 | In response, America and the EU were hiking up tariffs on Chinese products. |
| 1:47.0 | America's most closely watched index of consumer sentiment, published by the University of Michigan, plunged to its lowest reading |
| 1:55.1 | in eight months in July, according to preliminary data. |
| 1:59.3 | Although inflation is easing, high prices are eroding living standards, weighing on consumer views of the economy. |
| 2:07.0 | Meanwhile, the producer price index, a leading indicator of inflation, rose 0.2% last month more than analysts were expecting. |
| 2:16.7 | Russia denied that it had conspired to assassinate Armin Papperger, the boss of Rhine-metall, Germany's biggest armsmaker. |
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