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FT News Briefing

Friday, May 10

FT News Briefing

Forhecz Topher

News, Daily News, News & Politics

4.41.3K Ratings

🗓️ 10 May 2019

⏱️ 10 minutes

🧾️ Download transcript

Summary

US President Donald Trump breaks the silence on escalating tensions with North Korea, US-China trade talks kick off in DC and a London-based boutique advisory firm stands to make $27m in fees for its work on Barbados’s $7bn debt restructuring. Plus, the FT’s Shannon Bond sets the stage for Uber’s New York Stock Exchange debut.

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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.

0:12.8

Today is Friday, May 10th.

0:15.0

This is your FT news briefing.

0:17.8

US President Donald Trump breaks the silence on escalating tensions with North Korea.

0:24.0

The latest round of US-China trade talks kick off in DC,

0:28.0

and a little-known UK advisory firm has angered Barbados's creditors with the size of its fee.

0:35.9

The firm stands to make about $27 million restructuring the Caribbean Islands debts.

0:42.2

But first, the most hotly anticipated IPO is here.

0:46.0

Uber is set to begin trading on the New York Stock Exchange later today, and Shannon Bond

0:51.9

has the details.

0:53.7

I'm Mark Filipino and here's the news you need to start your day.

1:01.3

Uber is the most highly valued private company in Silicon Valley and has been the most

1:06.4

hotly anticipated initial public offering in a year where we're expecting to see

1:10.6

actually quite a few big private tech companies finally go public.

1:15.0

So there's just been a lot of interest and excitement and plus Uber itself I think is a really

1:20.0

divisive but kind of fascinating company that people sort of love to hate and

1:24.6

love to use and feel very conflicted about.

1:27.6

And how is Uber priced its shares?

1:30.3

They priced their shares on Thursday at $45 a piece.

1:33.5

That was near the bottom of the range that they had put out

...

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