Inflation prompts investors to ditch Treasuries
FT News Briefing
Forhecz Topher
4.4 • 1.2K Ratings
🗓️ 11 February 2022
⏱️ 9 minutes
🧾️ Download transcript
Summary
A court struggle in China is casting a shadow over the company’s hopes for an Arm IPO after its failed $66bn sale to Nvidia, the 10-year Treasury yield on Thursday climbed to 2 per cent for the first time since August 2019, as investors ditched government debt on the latest evidence of stubbornly high inflation, and European scientists have made a big breakthrough in the decades-long effort to generate energy from nuclear fusion.
Mentioned in this podcast:
SoftBank’s plans for Arm IPO hit by legal battle over renegade China unit
US inflation surges to 7.5% in fastest annual rise for 40 years
European scientists in ‘landmark’ nuclear fusion breakthrough
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
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Transcript
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| 0:00.0 | The FT News Briefing is supported by Equinole, the UK's energy partner. |
| 0:06.3 | Learn more at equinole.co.uk. |
| 0:09.7 | Good morning from the Financial Times. Today is Friday, February 11th, |
| 0:13.4 | and this is your FT News Briefing. |
| 0:18.7 | US inflation is still running hot and SoftBanks plan to list its chip designer arm |
| 0:24.0 | is in jeopardy because of business troubles in China. |
| 0:27.2 | And European scientists took one step towards the dream of generating power from nuclear fusion |
| 0:32.6 | and developing an incredible new source of energy. |
| 0:35.9 | So the idea is that one small cup of deuterium and tritium could power a house of hundreds of years. |
| 0:43.2 | I'm Mark Filipino and here's the news you need to start your day. |
| 0:50.6 | We have a new development in SoftBanks plans for its chip designer arm. |
| 0:54.7 | As we reported this week, SoftBanks plans to sell the business failed. |
| 0:59.1 | Then SoftBanks said it planned to take arm public. |
| 1:02.0 | But it may have trouble with that because of problems in China. |
| 1:05.6 | The head of arms value bull joint venture there. |
| 1:08.0 | Alan Wu has been trying to grab control of the business |
| 1:11.5 | and a court filing seen by the FT shows that Wu has now launched a third legal case. |
| 1:16.6 | Wu has been a thorn in SoftBanks side for a while now. |
| 1:19.9 | He was voted out two years ago but refused to leave. |
| 1:22.8 | And at one point he even hired a security team to block our representatives from the company's |
| 1:27.7 | Shanghai offices. Arm executives admit that the management turmoil in China needs to get resolved |
| 1:33.8 | before SoftBank can set an IPO in motion. |
... |
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