Cruise control: port cities push back against ships
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 2 September 2022
⏱️ 11 minutes
🧾️ Download transcript
Summary
The US releases the latest jobs numbers today and analysts expect the pace of positions added to have slowed in August, eurozone unemployment fell to an all-time low of 6.6% of the workforce, the cruise industry is recovering from the pandemic but the industry now faces resistance from politicians and climate activists, and US officials have told semiconductor maker Nvidia it will need special licences to sell high-end processors to Chinese customers.
Mentioned in this podcast:
US Jobs growth expected to have slowed in August
Eurozone jobless rate hits record low of 6.6% in July
Growing evidence that Covid-19 is leaving people sicker
US blocks Nvidia AI chip exports to China
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 |
| 0:09.8 | Good morning from the Financial Times. Today is Friday, September 2nd, |
| 0:13.3 | and this is your FT News Briefing. |
| 0:19.0 | Washington has fired a new shot in its tech battle against China, |
| 0:22.9 | tight job markets in the US and in Europe could keep central bankers feeling hawkish, |
| 0:28.0 | and the pandemic gave popular port cities a chance to ask themselves, |
| 0:32.0 | do we really like all these cruise ships? |
| 0:35.0 | Where tourism died down over the pandemic, there was a chance to reflect upon the impacts |
| 0:40.2 | of overtourism and some of the impacts on the environment. |
| 0:43.5 | Plus our global health editor will tell us about another effect that COVID-19 |
| 0:47.4 | is having on people's health. A Mark Filipino, and here's the news you need to start your day. |
| 0:58.4 | The US government comes out with its latest jobs report today. |
| 1:06.1 | Economists and monetary policy makers at the federal reserve are watching these numbers closely. |
| 1:11.3 | Analysts are expecting a slowdown in jobs growth for August, |
| 1:14.9 | with 300,000 positions added to the economy. |
| 1:18.0 | Our US economics editor, Colby Smith, says that's down from the red-hot job numbers in July |
| 1:23.4 | when there were more than half a million new jobs. |
| 1:26.8 | Stepping down from that might not be enough relief for the Fed to be kind of rethinking |
| 1:33.4 | how aggressively it's tightening monetary policy. |
| 1:36.8 | That being said, what they're really looking for is any signs that the labor market is starting |
| 1:41.7 | to soften even at the margins. So if we see a slower pace of monthly jobs growth, |
... |
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