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FT News Briefing

Big Tech blocks Trump, urban renter exodus worries some MBS investors, CES goes virtual

FT News Briefing

Forhecz Topher

News, Unknown, News & Politics, Daily News

4.41.2K Ratings

🗓️ 11 January 2021

⏱️ 11 minutes

🧾️ Download transcript

Summary

Technology companies are blocking President Donald Trump from their platforms, renters fleeing U-S cities are straining the market for  mortgage-backed securities, and Europe tries to enforce its investment deal with China. Plus, the Consumer Electronics Show kicks off, virtually.


Twitter vs Trump: has Big Tech gone too far?

ft.com/content/6df12c33-e7a3-482b-92da-8c3549789a6b?


Fading allure of urban life leaves dent on US mortgage bonds 

ft.com/content/67cb87c0-ef93-410f-90bc-60ffaf42af5e?


EU and China agree new investment treaty

https://www.ft.com/content/6a429460-4bfb-42d4-9191-73ba97dde130


CES enters the pandemic era, taking a turn for the practical

https://www.ft.com/content/5c6b159c-da65-439f-8831-708cc0930aae



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Transcript

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0:00.0

Good morning from the Financial Times. Today is Monday, January 11th, and this is your FT news briefing.

0:08.4

Social media companies are uniting against Donald Trump after his supporters attacked the U.S. capital.

0:14.3

Renters fleeing U.S. cities dent the mortgage-backed bond market.

0:18.5

And the EU locks up an investment deal with China, but will it sit well with the US?

0:23.0

Plus the Consumer Electronics Show kicks off today

0:26.0

and it's all virtual.

0:28.0

I'm Mark Filipino, here's the news you need to start your day. This week the U.S. House of Representatives plans to vote on impeaching President Trump for a second time.

0:46.7

This time around is for inciting last week's insurrection at the Capitol.

0:50.8

Democrats want to push through the process with just nine days left in Trump's term.

0:55.0

Several Republicans in the US Senate, where the impeachment trial would be held, are pushing back.

1:00.0

So Congress is still divided over what to do with Trump, but tech companies are more united.

1:06.0

Twitter has permanently suspended Donald Trump's account.

1:09.0

Facebook has banned Trump from posting on his platform until at least the end of his administration,

1:13.2

Snapchat locked Trump's account and other sites announced Bands 2.

1:16.8

The top App Stores, Apple and Google and Amazon's web hosting service, kicked out parlor.

1:22.3

That's the social media app that's

1:23.8

popular with far right users. Here to talk about this more is Hannah Murphy. She

1:28.2

covers social media for the F.T.

1:29.8

Hannah Donald Trump's been inflammatory on social media throughout his presidency,

1:34.0

and, you know, frankly, even before his presidency, why are social media companies only taking this decisive action now?

1:40.0

So look, you're right that the president has sort of repeatedly pushed the boundaries of the

1:46.2

platforms tolerance and this has in the past sparked warnings that violence could be a result. But the platforms have been reticent to act.

...

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