Big tech earnings, US economic data, early voters pour in for US presidential election
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 30 October 2020
⏱️ 11 minutes
🧾️ Download transcript
Summary
Big tech companies reported mixed earnings for the most recent quarter, and Donald Trump is pointing to strong third-quarter GDP days before the US presidential election. Plus, the FT’s Washington Bureau chief Demetri Sevastopulo explains how early votes could affect election day.
Google ad sales bounce back sharply from pandemic slump
https://www.ft.com/content/07c22dcb-9747-4bd3-a01c-bb51d6e9e9bb
Donald Trump touts economy to boost re-election bid
https://www.ft.com/content/dbe15063-8955-42e2-a757-b8d9b4bd9c60
Early voting surge points to huge turnout in US election
https://www.ft.com/content/8d8fa717-8923-4223-af75-bd6d31d25d9a
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Transcript
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| 0:00.0 | Good morning from the Financial Times. |
| 0:02.0 | Today is Friday, October 30th. |
| 0:04.0 | And this is your FT news briefing. |
| 0:08.0 | Big Tech reports big earnings. |
| 0:11.0 | Well, at least some companies did. And President Donald Trump is promoting third-quarter |
| 0:16.0 | GDP as a sign of an economic rebound just days away from the U.S. election. And speaking of which, tens of millions of Americans have already cast early ballots |
| 0:26.2 | for the next U.S. President. |
| 0:27.6 | But how might these early votes complicate things when votes are counted next week? |
| 0:31.7 | I'm Mark Filipino, and here's the news you need to start |
| 0:35.2 | your day. After yet another hearing before US Congress earlier this week, big tech companies reported their latest quarterly earnings on Thursday. |
| 0:48.0 | Some beat expectations. |
| 0:50.0 | And some, well, they had investors worried. |
| 0:52.0 | To break down yesterday's results, they had investors worried. |
| 0:52.9 | To break down yesterday's results, I have Richard Waters on the line. |
| 0:56.0 | He's our West Coast editor and covers all things tech. |
| 0:59.0 | Richard, let's start with the good. |
| 1:01.2 | Alphabet shares were up as much as 8% after the bell yesterday. |
| 1:05.0 | Yeah, if you add in the gain that Alphabet shares got earlier in the day, they added more |
| 1:10.0 | than a hundred billion dollars, so it's been a pretty good day for alphabet you know they are |
| 1:14.3 | riding a very unexpected rebound in online advertising the entire advertising sector |
| 1:21.2 | has taken a bad hit with the coronavirus and you know they were saying that |
| 1:26.0 | across the board advertisers are coming back in virtually all categories if |
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