Discover what’s in Capital One’s wallet
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 21 February 2024
⏱️ 11 minutes
🧾️ Download transcript
Summary
Donald Trump is losing support from small donors, US lender Capital One has agreed to buy rival Discover Financial for $35.3bn, and Barclays updated investors on its strategy for the first time in eight years.
Mentioned in this podcast:
Donald Trump’s donor numbers fall by 200,000 compared with 2019
Capital One agrees to buy Discover Financial for $35bn
Barclays to return £10bn to shareholders
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The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Saffeya Ahmed, 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 | Good morning from the Financial Times. Today is Wednesday, February 21st, and this is your |
| 0:17.1 | FT news briefing. Former US President Donald Trump is losing support from small donors and two major US credit card companies want to join forces. |
| 0:29.0 | Plus Barclays is in a slump and the strategy it's laid out isn't really inspiring confidence. |
| 0:36.0 | So I'm not sure you would have heard anything yesterday from executives at the strategy day that would change your mind about this company. |
| 0:44.7 | If you were skeptical before, you're still skeptical now. |
| 0:47.8 | I'm Marker Filipino and here's the news you need to start your day. Don't know. |
| 0:54.0 | Donald Trump has about 200,000 fewer donors now than he did at the same point in the 2020 election. |
| 1:07.0 | The data comes from the second half of last year. |
| 1:10.0 | It's a troubling sign for the Republican Party presidential front-runner. |
| 1:15.0 | Small donors have been critical to Trump's campaigns. |
| 1:18.0 | He tends not to get a whole lot of support from Wall Street or deep-pocketed backers. |
| 1:22.0 | And the decline comes right when Trump is in need street or deep-pocketed backers. |
| 1:22.6 | And the decline comes right when Trump is in need of a lot of cash |
| 1:25.9 | to get through a slew of legal problems. |
| 1:28.4 | Just Friday, a judge ordered him to pay more than 350 million dollars |
| 1:32.2 | in fines for committing financial fraud. |
| 1:34.5 | Capital one finally has an answer to what's in your wallet. |
| 1:45.0 | Turns out it's Discover. |
| 1:47.0 | The lender agreed to buy Discover Financial Services on Monday for $35 billion. |
| 1:52.0 | Capital One is looking to wrap up that deal later |
... |
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