Chipmakers send tech shares yo-yoing
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 18 October 2024
⏱️ 13 minutes
🧾️ Download transcript
Summary
Israel says it has killed Yahya Sinwar, Hamas’s leader and the architect behind the October 7 2023 attacks. Mixed quarterly earnings from chipmakers send tech stocks yo-yoing, and the European Central Bank has cut interest rates by a quarter-point, amid signs that growth and inflation are weakening. Plus, South Africa’s Government of National Unity works to resolve tensions as it passes its 100-day milestone.
Mentioned in this podcast:
Hamas leader Yahya Sinwar killed in Gaza, Israel says
ASML shares drop sharply after warning on semiconductor recovery
Nvidia shares hit record as US ‘soft landing’ hopes drive tech rebound
TSMC profits jump 54% on back of AI chip boom
Optimism builds on South Africa’s ‘second miracle’ coalition
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. 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. |
| 0:11.0 | The UK. |
| 0:12.0 | Good morning from the Financial Times. Today is Friday, October 18th, and this is your |
| 0:18.4 | F.T. news briefing. Israel says it has killed the leader of Hamas and tech stocks this week have been up and then down and then up again |
| 0:29.7 | We make sense of it for you |
| 0:31.9 | Plus South Africa's new government is beating the odds. |
| 0:35.6 | Actually this unlikely coalition of ideological foes seems to be working relatively |
| 0:42.4 | smoothly. |
| 0:43.8 | I'm Sonia Hudson and here's the news you need to start your day. Israel said yesterday that Yaya Senoir had been killed. He was the architect of the brutal October 7th attacks last year |
| 1:06.7 | and has been Israel's most wanted man ever since. |
| 1:10.8 | Sinwar's death could be a huge turning point for the war in Gaza. |
| 1:15.2 | He was an essential player in diplomatic talks to end the war, but Israel and the U.S. largely |
| 1:20.8 | blamed him for blocking any progress. |
| 1:24.0 | Now, Israel hopes that the remaining hostages can come home, |
| 1:28.3 | and Palestinians hope that it might be enough |
| 1:31.2 | to end Israel's assault on the enclave. |
| 1:34.0 | Tech stocks went on a bit of a wild ride this week. We started off on Monday thinking the NASDAQ composite was going to hit a record high. |
| 1:49.5 | But then came a series of conflicting earnings reports from chipmakers. |
| 1:55.4 | Here to explain the short circuit is the FT's Katie Martin. |
| 2:00.0 | Hi Katie. |
... |
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