Foreign investors feel the pinch of US stock slump
FT News Briefing
Forhecz Topher
4.4 • 1.2K Ratings
🗓️ 24 March 2025
⏱️ 13 minutes
🧾️ Download transcript
Summary
Canada’s new prime minister calls snap elections, European investors in US equities have been dealt a double blow, and carmakers try to get ahead of US President Donald Trump’s new tariffs. Plus, a group of top tennis players has accused the game’s governing bodies of trapping them in an unfair system.
Mentioned in this podcast:
Mark Carney calls snap election for Canada citing ‘crisis’ caused by Trump
Dollar slump magnifies stock market pain for foreign investors
Carmakers rush to ship vehicles to US ahead of new round of April tariffs
Tennis stars accuse governing bodies of ‘cartel’ to deny them more prize money
UK comic book makers join forces as AI copycat battle awaits
Credit: CBC News
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, 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 | We're Equinor, an energy company searching for better. Currently, we supply 27% of the UK's gas, |
| 0:07.0 | 15% of its oil, and we're playing our part in the UK's energy transition. In 2023, we invested |
| 0:14.1 | 20% of our global gross spend in renewables and lower carbon solutions. Today, our wind farms power |
| 0:20.0 | 750,000 homes, and we expect this to grow to |
| 0:23.3 | over 7 million UK households. We're an energy company searching for better. Equinore.com. |
| 0:29.0 | UK. |
| 0:33.7 | Good morning from the Financial Times. Today is Monday, March 24th, and this is your FT News briefing. |
| 0:40.9 | Canada's new prime minister has called SNAP elections, |
| 0:44.3 | and foreign investors are really feeling the slump in U.S. stocks. |
| 0:49.2 | Plus, top tennis players are rallying off court in a new legal claim. |
| 0:55.1 | They really take aim at what they see as the governing body's grip on the sport. |
| 1:00.4 | I'm Kasha Brousalian, and here's the news you need to start your day. |
| 1:18.9 | Thank you. Canada will head for early elections on April 28th. |
| 1:22.0 | Prime Minister Mark Carney made the announcement on Sunday. |
| 1:25.9 | The former central banker has taken on a combative tone since becoming liberal party leader two weeks ago. |
| 1:29.1 | We needed to act to fix our economy. We needed to act to fight the Americans. |
| 1:35.6 | Carney's main opponent will be conservative party leader Pierre Poliyev. He's drawn a lot of |
| 1:40.4 | comparisons to Donald Trump. His campaign slogan is even Canada first. But Poliyev has also |
| 1:46.7 | tried to create some distance between himself and the U.S. president in recent weeks. |
| 1:52.0 | Is it time to put Canada first for a change with a new conservative government that will |
| 1:58.0 | axe taxes, unleash resources to bring home our jobs, and stand up to Donald |
| 2:04.0 | Trump from a position of strength. Polls showed conservatives leading by over 20 points just two |
... |
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