Delays hit Biden’s signature manufacturing laws
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 13 August 2024
⏱️ 12 minutes
🧾️ Download transcript
Summary
Russia has trained its navy to hit European targets with nuclear-capable missiles, and 40 per cent of the biggest US manufacturing investments announced in the first year of Joe Biden’s flagship industrial and climate policies have been delayed or paused. Plus, we ask the FT’s Tom Hale if there could be a light at the end of the tunnel for China’s economy.
Mentioned in this podcast:
Russian navy trained to target sites inside Europe with nuclear-capable missiles
China deflation fears ease as consumer prices rise
Delays hit 40% of Biden’s major IRA manufacturing projects
Life and Art podcast: Why museums should keep their mummies and shrunken heads
The FT News Briefing is produced by 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 Monica Lopez. 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 | The UK's energy partner. The UK. Good morning from the Financial Times. Today is Tuesday, August 13th. This is your |
| 0:17.8 | FT news briefing. Russia has trained its Navy to hit Europe with nuclear missiles, and China's economy has been |
| 0:25.4 | in the pits lately, we'll look if things are getting any better. |
| 0:29.3 | Plus President Joe Biden's plan to boost U.S US manufacturing is facing delays. |
| 0:34.0 | I'm Mark Filipino and here's the news you need to start your day. What would happen if Russia and NATO ever actually got into a conflict? |
| 0:56.0 | Secret Russian military files seen by the F.T. give us a taste of the potential damage. |
| 1:01.0 | They show Russia has trained its Navy to hit European targets with |
| 1:04.6 | nuclear capable missiles. The FT saw the documents provided by Western sources, which were drawn |
| 1:11.0 | up between 2008 and 2014. |
| 1:14.0 | And they highlight a sample of 32 NATO targets |
| 1:17.0 | including spots in France and the UK. |
| 1:20.3 | But one former NATO officials said the sample was just a small portion of, quote, |
| 1:25.0 | hundreds, if not thousands of places mapped across Europe that Russia could target. |
| 1:30.0 | And these aren't just old plans. |
| 1:32.6 | President Vladimir Putin recently ordered exercises to rehearse the use of tactical nuclear |
| 1:38.2 | weapons. |
| 1:39.2 | It shows the leaked papers are still in line with Russian military strategy. |
| 1:44.0 | For a while now, the Chinese economy has been, well not the glamorous economy it was before the pandemic. |
| 1:58.0 | Growth has been pretty lackluster. The property sector has basically bottomed out and household spending |
| 2:04.1 | people have pulled way back. But later this week China will release some monthly |
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