Friday, June 7

FT News Briefing

Forhecz Topher

News, Daily News, News & Politics

4.4 • 1.3K Ratings

🗓️ 7 June 2019

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

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Summary

Beyond Meat expects sales to double in 2019, Mexico and the US continue talks over tariffs that Donald Trump indicated could start next week, and Mario Draghi prepares to cut rates and embark on a fresh round of bond purchases before he leaves the European Central Bank in October. Plus, we take a look at the business of broadcast news. At the FT’s Future of News conference in New York, our news editor Matt Garrahan talks to Susan Zirinsky, president of CBS News, Noah Oppenheim, president of NBC News, and James Goldston, president of ABC News.

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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 newsroom of the Financial Times.
0:13.0	Today is Friday, June 7th, and this is your F.T. news briefing.
0:18.0	Meet Alternative Company, Beyond Meat,
0:21.0	expect sales to double in 2019.
0:24.0	Donald Trump sends mixed signals about the talks with Mexico over tariffs,
0:30.0	and the outgoing president of the European Central Bank is preparing fresh stimulus as economic fears grow.
0:37.0	Then we'll take you inside the FT's Future of News Conference where executives from America's top three TV networks assess the state of the news
0:45.9	business.
0:46.9	I'm Mark Filipino, and here's the news you need to start your day. Plant-based meat company, Beyond Meat, has been one of the best performing stock market
0:59.3	listings of 2019, and it plans on having more good news for its investors this year.
1:05.0	The company expects net revenues to rise more than 140% this year to more than
1:11.1	$210 million.
1:13.4	That tops analyst estimates of $205 million for the year.
1:18.3	On Thursday, Beyond Meat reported its first quarterly earnings
1:21.6	since going public.
1:23.0	Revenues in the first three months of 2019 topped $40 million, also ahead of Wall Street estimates.
1:30.0	The rise was owed in a large part to sales of its Beyond Burger.
1:34.2	The burger is crafted to taste and feel like meat,
1:37.3	but it's actually made of yellow pea protein
1:40.3	and vegetable starches, among other ingredients,
	...

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