Europe’s battery darling runs out of juice
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 20 September 2024
⏱️ 13 minutes
🧾️ Download transcript
Summary
The S&P 500 hit a record high, Europe’s biggest hope for dominance in EV batteries is struggling to hang on and the Bank of England held interest rates steady. Plus, the FT’s Brooke Masters explains why customers are getting fed up with airline loyalty programmes.
Mentioned in this podcast:
S&P 500 hits new record after Fed makes jumbo cut to US interest rates
Europe’s great battery hope Northvolt fights for survival
Bank of England holds rates at 5%
The fury of the frequent flyer
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 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 | At Aquinore. |
| 0:11.0 | The UK. |
| 0:12.0 | Good morning from the Financial Times. Today is Friday, September 20th, and this is your |
| 0:18.4 | F.T. News briefing. The markets are saying, let's party like it's 2019. |
| 0:25.0 | Meanwhile Swedish Battery Maker Northfold is entering its austerity era. |
| 0:30.0 | Plus, people can get obsessed with their frequent flyer status. So when some |
| 0:36.3 | airlines announce stricter rules, the gloves really came off. And now U.S. |
| 0:42.0 | regulators are asking, is this abate and switch and is it illegal? |
| 0:47.0 | I'm Sonia Hudson and here's the news you need to start your day. Look at looks like Wall Street is going to be |
| 0:54.0 | some Looks like Wall Street is going to be putting some champagne on ice. |
| 1:06.3 | The S&P 500 closed at an all-time high yesterday. |
| 1:10.9 | Investors bet that the Federal Reserve's mega half point rate cut is going to steer the |
| 1:15.8 | economy into a soft landing. In other words, dodge a recession. Big tech stocks at |
| 1:22.1 | the top of the index led the rally and the tech dominated |
| 1:25.7 | NASDAQ composite was up 2.5% yesterday. It's a sector that really loves low |
| 1:31.9 | rates because when money's cheaper, debt feels lighter, |
| 1:35.8 | and riskier assets start to look a little less scary. |
| 1:39.2 | And it wasn't just a party in the USA. |
| 1:42.4 | European and Japanese indexes were also up by a percentage pointer too. |
| 1:47.0 | A Swedish battery company has been a symbol of Europe's fight against US and Chinese |
... |
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