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FT News Briefing

Introducing Behind the Money: Night School

FT News Briefing

Forhecz Topher

Daily News, News & Politics, News

4.41.3K Ratings

🗓️ 22 April 2023

⏱️ 19 minutes

🧾️ Download transcript

Summary

There’s been a lot of big finance and economics news in 2023. Whether it's stories about rising interest rates, tech industry layoffs or bank runs, it can almost feel like you need an MBA just to make sense of it all. That’s why the Financial Times is launching a bonus series called Behind the Money: Night School. 


Over the next five weeks, this show will help you understand the concepts behind the biggest economic stories of this year. U.S. managing editor Peter Spiegel chats with FT journalists as they unpack the basics around things like energy markets, inflation and the rise of artificial intelligence. This series is supported by Blinkist. If you want to find out more about conversations like this, check out the Blinkist app.


Behind the Money: Night School is out now. Find it by subscribing to the Behind the Money podcast wherever you listen.


Hosted on Acast. See acast.com/privacy for more information.

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

0:09.9

Hey briefing listeners, it's Sonya. I wanted to share with you a new bonus series

0:14.6

from our fellow FT podcast Behind the Money. It's called Behind the Money Night School

0:20.3

and it'll serve as a guide to the US economy in 2023. What you're about to hear is the first episode

0:27.0

and if you like what you hear you can find more by subscribing to Behind the Money wherever you

0:31.6

listen to podcasts. Hello and welcome to Behind the Money Night School. I'm Peter Spiegel.

0:40.4

I'm the US Managing Editor of the Financial Times. ETM Night School is a special series made in

0:45.1

collaboration with Blinkist that will serve as a guide to the US economy in 2023.

0:50.0

Over the next five weeks I'll be joined by FT journalist for conversations around issues like

0:53.8

inflation, technology and energy. For your lesson tonight, gas lean price

0:59.2

aren't just about what you put in your car. They're actually about the cost of your tomatoes

1:04.2

or your clothes or anything that is shipped or trucked or made. Derek Brower, the financial

1:10.5

Times's US energy engineer joins us. We'll cover a lot of ground from gas prices to Joe Biden's green

1:16.0

subsidies, domestic oil production and the role of renewables.

1:29.5

Hi, Derek. Hi, pizza. When most Americans think of the US economy and energy, I think they

1:34.3

probably think first of all of the pump going to filter their car with gas. The interesting thing

1:40.3

that we've seen over the last year or so is that we have the Russian innovation Ukraine,

1:44.9

the price of gas in the US went to, in some places, over $5 a gallon.

1:49.7

But now we've seen since that peak, it's actually come down quite a bit, dropped the

1:52.8

nationwide average by about $1.5. What's happened over the course of last year?

1:57.3

Good question. A lot of things happened in probably about six months. The first thing that happened

...

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