Can a Mexican cartel stronghold host the World Cup?
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 5 June 2026
⏱️ 12 minutes
🧾️ Download transcript
Summary
SpaceX will go public next week with the largest retail allocation ever attempted in a megacap IPO, and India’s viral Cockroach Janta Party is challenging Prime Minister Narendra Modi. Plus, the FT’s Ciara Nugent explains the safety concerns swirling around World Cup host city Guadalajara as the tournament approaches.
Mentioned in this podcast:
Elon Musk’s SpaceX lines up retail investors for record IPO allocation
India’s viral ‘cockroach party’ challenges Narendra Modi
India’s ‘cockroach’ party founder plans protests over exam furore
The Mexican cartel stronghold preparing to host the World Cup
World Cup sparks betting battle between bookmakers and prediction markets
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The FT News Briefing is produced by Victoria Craig, Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Fiona Symon. Our editor is Marc Filippino. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann, Michael Lello and David da Silva. Our intern is Cole van Miltenburg. Our executive producer 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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Transcript
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| 0:00.0 | Good morning from the Financial Times. |
| 0:04.2 | Today is Friday, June 5th. |
| 0:06.1 | And this is your FT News briefing. |
| 0:08.8 | Elon Musk is cozying up to retail investors, and can a bunch of cockroaches upset Indian politics? |
| 0:15.7 | Plus, the World Cup kicks off next week. |
| 0:17.9 | We'll take a look at the challenges one host city is facing. |
| 0:21.2 | Guadalajara is a place with a lot of cartel presence and a lot of cartel control. It's not really the |
| 0:26.1 | ideal image for a football tournament. I'm Mark Filipino and here's the news you need to start your day. |
| 0:48.0 | Space. SpaceX expects to go public about a week from now, and CEO Elon Musk wants to prioritize everyday investors. |
| 0:57.2 | About one-fifth of SpaceX shares will be reserved for retail investors, as according to sources familiar with the matter, and it's unheard of for such a large IPO. |
| 1:01.2 | Musk expects the company will raise around $75 billion. |
| 1:05.0 | Then again, this isn't entirely out of character for Musk. |
| 1:10.2 | He told his social media followers in 2020 they'd get top priority for the SpaceX listing. |
| 1:12.1 | Individual investors owe more than 40% of Tesla's stocks. SpaceX will set the final IPO price on June 11th, and it's |
| 1:18.8 | expected to go public the next day. |
| 1:26.8 | It's not unheard of to use an animal to symbolize a political party. Here in the U.S., the Democrats |
| 1:32.2 | use a donkey, and Republicans use an elephant. And in India, a youth protest movement is aligning itself |
| 1:38.7 | with the cockroach. It's gone viral, and it's challenging the ruling party of Prime Minister |
| 1:44.1 | Narendra Modi. |
| 1:45.4 | I'm joined by the FTs South Asia Bureau Chief Michael Stott to tell the story of the Cockroach Janta Party. |
| 1:50.8 | Hi, Michael. |
| 1:51.6 | Hello. |
... |
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