BlackRock and Vanguard duke it out over ETF market
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 3 January 2024
⏱️ 10 minutes
🔗️ Recording | iTunes | RSS
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Summary
Russia has fired a second massive barrage of the new year on Ukraine’s capital and the country’s second-largest city, Benjamin Netanyahu’s rightwing allies have blasted Israel’s top court for striking down a controversial law aimed at overhauling the country's judiciary, and BlackRock’s lead in the US exchange traded fund market is being eroded by Vanguard and smaller rivals.
Mentioned in this podcast:
Russia pounds Ukraine in new year’s second massive air strike
Benjamin Netanyahu’s allies blast top court but wait to revive judicial overhaul
Vanguard and rivals gain ground on BlackRock in US ETF market
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by 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. |
| 0:06.0 | Learn more at equinore. |
| 0:10.0 | At Aquinore. UK. Good morning from the Financial Times. Today is Wednesday, January 3rd, and this is your |
| 0:17.8 | FT news briefing. Russia is continuing a series of deadly airstrikes in Ukraine, and Israel's top court overturned |
| 0:27.2 | controversial judicial reforms. |
| 0:30.1 | Plus Black Rock is slowly losing its grip on the E.T.F. market in the US. |
| 0:35.0 | I'm Sonia Hudson in for Mark Filipino and here's the news you need to start your day. Bye. Russia hit Ukraine with a massive air strike yesterday. It's the second major |
| 1:00.9 | onslaught of the new year. |
| 1:03.0 | Ukrainian President Vladimir Zelensky said five people were killed after a hundred missiles and |
| 1:08.6 | drones hit Kyiv and Harquiv. |
| 1:11.4 | Russia has drastically stepped up its air campaign in recent days. |
| 1:15.0 | UN officials estimate that nearly 70 Ukrainians have been killed due to |
| 1:19.6 | airstrikes since Friday. |
| 1:21.4 | Zelensky urged his allies to increase military aid to the country. |
| 1:26.4 | Both the US and the EU are struggling to approve new funding. In a landmark ruling on Monday, Israel's Supreme Court struck down a controversial law aimed at overhauling the country's |
| 1:44.2 | judiciary. The law sparked widespread protests and demonstrations across the |
| 1:49.2 | country when it passed and it was in danger of tipping the country into a constitutional crisis. |
| 1:55.8 | Here to talk to me about where the ruling leaves the country is Nary Zilber. |
| 2:00.4 | He covers Israel for the F.T. |
| 2:02.1 | Hey Nari. |
| 2:03.0 | Hi, good to be with you. |
| 2:05.0 | So take us back really quickly and just kind of walk us through this law that Israel's Supreme Court ruled on earlier this week. |
... |
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