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FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 29 January 2026
⏱️ 12 minutes
🧾️ Download transcript
Summary
Tesla on Wednesday reported its first-ever fall in annual revenue, Donald Trump has warned Iran that “time is running out” to reach a deal to avert US military action, and the Federal Reserve kept interest rates on hold. Plus, the world’s biggest mining companies have added close to half a trillion dollars to their valuations this year, triggered by heightened geopolitical tensions.
Mentioned in this podcast:
Tesla trims car line up in pivot to AI as annual revenue falls for first time
Federal Reserve signals no rush to cut interest rates as US economy powers ahead
Trump warns Iran ‘time is running out’ for deal to avert US military action
Metals surge boosts value of mining groups by almost $500bn
Note: The FT does not use generative AI to voice its podcasts
Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Fiona Symon, Victoria Craig and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann and David da Silva. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.
Read a transcript of this episode on FT.com
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Transcript
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| 0:00.0 | Good morning from the Financial Times. Today is Thursday, January 29th, and this is your FT News Briefing. |
| 0:08.7 | Tesla released a historic earnings report yesterday, not in a good way, though, and Donald Trump says the clock is ticking for Iran. |
| 0:17.6 | Plus, it's not just precious metals that are benefiting from geopolitical uncertainty. |
| 0:22.6 | The companies that mine them are getting |
| 0:24.6 | a boost, too. People are |
| 0:26.6 | feeling this sense of uncertainty. |
| 0:29.4 | And so people are looking |
| 0:30.7 | for places to put their money. |
| 0:32.5 | Places that they think are |
| 0:34.5 | going to be safe. |
| 0:36.5 | I'm Mark Filipino, and here's the news you need to start your day. |
| 0:48.2 | Tesla's annual revenue declined last year. |
| 0:50.9 | That was the first time that had ever happened. |
| 0:53.6 | Overall revenues for 2025 came in |
| 0:55.9 | 3% lower than in 2024. Sales were weighed down by President Donald Trump's policies. He canceled |
| 1:02.8 | a bunch of electric vehicle incentive plans. Plus, there was consumer backlash in the U.S. and |
| 1:08.0 | Europe to CEO Elon Musk's political activism and support for far-right |
| 1:12.3 | parties. Yesterday, Tesla said it will scrap its S-N-X models and invest $2 billion into Musk's |
| 1:18.4 | X-A-I company. It signals Tesla shift from cars to artificial intelligence and robotics. |
| 1:24.7 | Last year, the company lost its position as the world's biggest electric vehicle |
| 1:28.4 | maker to China's BYD. |
| 1:36.5 | U.S. President Donald Trump is warning Iran that its, quote, time is running out to reach a deal |
... |
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