Google’s big Q1, how to craft a New Deal for the young
FT News Briefing
Forhecz Topher
4.4 • 1.2K Ratings
🗓️ 28 April 2021
⏱️ 11 minutes
🧾️ Download transcript
Summary
Google reported record first quarter earnings, and stock market listings around the world are running at their fastest pace this year. Plus, FT columnist Sarah O’Connor explains why millennials and Gen Z have been hit so hard by the pandemic, and what can be done to help them.
Google ad boom sends profits to new record
https://www.ft.com/content/c686458c-e544-4c50-990d-954b91d955ed
Global IPOs run at fastest pace since 1995
https://www.ft.com/content/857c1286-d35e-404a-ae7c-8d04b7508810
‘We are drowning in insecurity’: young people and life after the pandemic
https://www.ft.com/content/77d586cc-4f3f-4701-a104-d09136c93d44
All over the world, the economic cost of the pandemic has been borne disproportionately by the young. This week the FT is hosting a series of live panel debates in which FT writers make the case for specific policies that would make the economy work better for young people – covering housing, pensions, jobs, education and the environment. Join us and share your own policy ideas, comments and questions to be part of the conversation
Register free today at newdeal.live.ft.com.
Hosted on Acast. See acast.com/privacy for more information.
Transcript
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| 0:00.0 | Good morning from the Financial Times. Today is Wednesday, April 28th. This is your FT News Briefing. |
| 0:08.0 | Google's parent company Alphabet reported record first quarter results yesterday, |
| 0:13.0 | and stock market listings are also hitting new records. Plus, Millennials and Gen Z have been hit heart by the pandemic. |
| 0:20.0 | The FT surveyed nearly 2,000 young people around the globe will hear about their concerns. |
| 0:25.0 | The kinds of sectors that were shut down, things like retail, hospitality were the sectors in which many young people get their first jobs. |
| 0:33.0 | I'm Mark Filipino, and here's the news you need to start your day. |
| 0:40.0 | Google's parent company yesterday said its first quarter net profits rose a blistering 162 percent. |
| 0:47.0 | Revenue rose 34 percent to more than $55 billion. Driving up earnings, of course, is the pandemic. |
| 0:55.0 | Lockdowns, online shopping, YouTube watching, and lots of clicking on ads. |
| 1:00.0 | The FT's Richard Waters has more. |
| 1:03.0 | A lot of retailers turn to digital commerce when people stop coming through the door anymore. |
| 1:09.0 | The best avenue, the best channel for that, was either going to Amazon and advertising products on Amazon's marketplace. |
| 1:17.0 | Amazon's advertising has just completely taken off. We're going to hear more about that later this week when they're not earnings. |
| 1:24.0 | The other tried and trusted route is the Google search engine, which is just performing extraordinarily well. |
| 1:30.0 | The other thing to mention is YouTube. |
| 1:33.0 | I think we've waited quite a few years to see whether TV advertising would start to tip towards the digital channels. |
| 1:41.0 | YouTube is really taking off now, growing at nearly 50 percent. |
| 1:46.0 | Those two engines search engine and YouTube advertising and just carrying Google to these incredible heights. |
| 1:54.0 | Richard, regulators seem to be closing in. There's a lot of talk of a big tech crackdown. |
| 2:00.0 | Is Google at all concerned? |
| 2:03.0 | Do you know they've struggled to hit the right rhetorical tone? |
| 2:07.0 | Because they don't want to sound complacent. They don't want to sound arrogant. |
... |
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