Big business bets on Modi
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 19 April 2024
⏱️ 14 minutes
🧾️ Download transcript
Summary
Netflix profits surged during the first quarter, global markets had a rocky week due to worries over US inflation, and India’s prime minister is getting a big boost from the business class in his re-election campaign.
Mentioned in this podcast:
Netflix profits surge on strong subscriber growth
The great bet on rate cuts is off
European stocks suffer worst day in nine months
US to grow at double the rate of G7 peers this year, says IMF
Jay Powell says US inflation ‘taking longer than expected’ to hit target
Businesses bank on Narendra Modi election win to ease India’s bottlenecks
Luxury automakers hit by Korea’s new neon green licence plate rule for company cars
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Denise Guerra, Cara Shillenn, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. 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 | The UK's energy partner. |
| 0:06.2 | Learn more at equinore. |
| 0:10.2 | At Aquinore. |
| 0:12.2 | Good morning from the Financial Times. Today is Friday, April 19th, and this is your |
| 0:18.0 | F.T. News briefing. Netflix had a killer first quarter, US inflation caused headaches for global markets. |
| 0:27.0 | Plus India's elections begin today. |
| 0:30.0 | We look at how big business is fueling Norendramody's campaign. I'm Sonia Hudson and here's the news |
| 0:36.3 | you need to start your day. It looks like Netflix's crackdown on password sharing is still paying off. |
| 0:56.0 | The streaming service reported first quarter earnings yesterday. |
| 1:00.0 | Its operating income surged 54 percent and it added more than 9 million subscribers. |
| 1:07.1 | Netflix said it'll stop disclosing subscriber numbers starting next year |
| 1:11.4 | even though investors really like them. The company said |
| 1:14.8 | it's focusing instead on the amount of time subscribers spend on the service. It |
| 1:19.6 | also wants to develop new revenue sources like advertising. |
| 1:30.0 | It was a bit of a rocky week for markets. |
| 1:32.8 | We got even more signals that the U.S. Federal Reserve is going to wait longer to cut interest rates. |
| 1:39.4 | I'm joined now by the F.T.'s Tommy Steppington to talk about how that bad news rippled across global markets. |
| 1:45.6 | Hey Tommy. |
| 1:46.6 | Hi there. |
| 1:48.3 | So let's start with the US. |
| 1:51.2 | What did we learn about inflation and the possibility of rate cuts? |
| 1:55.0 | Well, the Fed Chair J-Powell this week said that it's going to take a little longer for the US |
... |
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