4.4 • 1.2K Ratings
🗓️ 5 September 2025
⏱️ 14 minutes
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US President Donald Trump’s nominee to join the Federal Reserve has vowed to uphold central bank independence, bond traders are banking on revenue from Trump’s tariffs to bolster US public finances, and Nasdaq is trying to combat a number of suspected “pump and dump” scams. Plus, the “Amazon of Africa”, Jumia, is still trying to prove that it can be a profitable business after six years on the public market.
Mentioned in this podcast:
Bond investors count on Trump tariff revenues to rein in US debt
Nasdaq to tighten rules on small-cap stocks after suspected ‘pump and dump’ scams
Is there a future for the ‘Amazon of Africa’?
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Today’s FT News Briefing was produced by Victoria Craig, Katya Kumkova, Sonja Hutson, and Marc Filippino. Additional help from Alex Higgins, Michael Lello, David da Silva and Gavin Kallmann. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.
Read a transcript of this episode on FT.com
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| 0:00.0 | For over 40 years, Equinoor has been an energy partner to the UK. |
| 0:04.1 | During that time, we've played our part in the switch from coal to gas, |
| 0:07.1 | and we're working hard to help the UK's energy transition. |
| 0:10.2 | We may not have all the answers yet, but we're determined to find them. |
| 0:13.5 | Equinor, an energy company, searching for better. |
| 0:16.9 | 99.6% of Equinor's energy output is oil and gas. |
| 0:20.5 | Our investment in renewables and low-carbon |
| 0:22.4 | solutions has increased from 4% in 2020 to 27% in 2024. Find out more at equinor.com. |
| 0:33.5 | Good morning from the Financial Times. Today is Friday, September 5th. And this is your FT News Briefing. |
| 0:39.3 | NASDAQ is going after so-called pump and dump stocks. |
| 0:43.3 | And Africa's answer to Amazon is trying to turn things around quickly. |
| 0:48.3 | But first, U.S. Senators grilled President Donald Trump's nominee for the Federal Reserve yesterday. |
| 0:53.3 | You have made clear that you will do or say whatever Donald Trump wants you to do or say, |
| 0:59.6 | and that may work in a political position, but it takes an axe to Fed independence. |
| 1:06.1 | I'm Mark Filipino, and here's the news you need to start your day. |
| 1:13.6 | How much sway should the U.S. President have over monetary policy? That was the big |
| 1:18.5 | topic during Stephen Myron's Senate confirmation hearing yesterday. Donald Trump nominated him |
| 1:23.9 | to fill a vacant seat on the Fed's board of governors. |
| 1:27.5 | Myron currently serves on the president's council of economic advisors. |
| 1:31.3 | He has agreed with Trump's view that the Fed should cut rates, and there's a growing |
| 1:35.8 | concern that he will use his ties to the president to erode central bank independence. |
| 1:40.5 | Here's what Myron had to say. |
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