Bob Iger's back at Disney. But who comes next?
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 22 November 2022
⏱️ 12 minutes
🧾️ Download transcript
Summary
Austria’s central bank chief is calling for a third-straight 0.75 percentage point interest rate rise at the European Central Bank’s next meeting, Disney executives ousted Bob Chapek as CEO and re-installed Bob Iger, and oil prices had a hectic day yesterday but remain well below their summer peak. Plus, the UK’s appetite for bacon is back.
Mentioned in this podcast:
ECB’s Holzmann backs 0.75 percentage point increase in December
Oil bounces off 10-month low after Saudi Arabia denies report on Opec supply boost
Disney executives staged putsch against ousted CEO Bob Chapek
Danish Crown to build £100mn UK plant as bacon demand rebounds
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. 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 FT News Briefing is supported by Equinole, the UK's energy partner. |
| 0:06.3 | Learn more at equinole.co.uk |
| 0:09.7 | Good morning from the Financial Times. |
| 0:11.4 | Today is Tuesday, November 22nd, and this is your FT News Briefing. |
| 0:18.3 | European Central Bankers are meeting in a couple of weeks and they don't see eye-to-eye on |
| 0:23.2 | interest rates. Oil prices were on a wild ride yesterday. We'll look at why. Plus, |
| 0:28.4 | Disney's board just staged a mutiny against their CEO. |
| 0:32.2 | One of the most amazing things, they did it in total secrecy. |
| 0:36.4 | This was probably the most surprising thing I've seen since covering the media for the past five |
| 0:40.7 | years. It's almost cinematic how stunning this is. I'm Mark Filipino and here's the news you |
| 0:48.8 | need to start your day. |
| 0:50.0 | We can see a clash of monetary policy makers at the next European Central Bank meeting. |
| 1:01.1 | Yesterday, Austria's hawkish central bank chief Robert Holtzman told the FT that he wants |
| 1:06.1 | another rate increase of 75 basis points. Holtzman says that it's important to convince the public |
| 1:11.8 | that policy makers are serious about taming inflation. Other central bankers are recommending |
| 1:17.4 | smaller increases because they see signs of a recession. The ECB's chief economist yesterday |
| 1:23.1 | said that 75 basis point increases may not be necessary anymore, and some European politicians |
| 1:29.2 | have warned the ECB not to raise rates too high. The central bank will make a decision at its |
| 1:34.7 | next meeting in mid-December. |
| 1:37.5 | Oil prices were unusually volatile yesterday. They fell sharply in the morning after the Wall |
| 1:48.4 | Street Journal reported that OPEC was going to increase supplies. Here's the FT's Derek Brower on |
| 1:54.1 | what happened next. And then, later in the day, Saudi Arabia issued a statement saying this was |
... |
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