Investors turn to private economic data
FT News Briefing
Forhecz Topher
4.4 • 1.2K Ratings
🗓️ 15 October 2025
⏱️ 13 minutes
🧾️ Download transcript
Summary
The leaders of Goldman Sachs, JPMorgan Chase and Citi warned that investor exuberance risked driving financial markets into bubble territory, and US investors are hunting for private data as the federal government shutdown is blocking the release of crucial reports. Plus, silver hit a record on Tuesday, and investors are facing a growing concern that European defence start-ups are oversaturating the market.
Mentioned in this podcast:
Banks caution over bubble as they report bumper profits
US government shutdown leaves traders ‘flying blind’ on jobs data
Silver price hits record amid scramble in London market
Investors confront top of European defence start-up ‘hype cycle’
Today’s FT News Briefing was produced by Ethan Plotkin, Fiona Symon, Sonja Hutson, and Marc Filippino. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann and Michael Lello. The FT’s acting co-head of audio is Topher Forhecz. 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 | For over 40 years, Equinoor has been an energy partner to the UK. |
| 0:04.1 | During that time, we've played our part in the switch from coal to gas, |
| 0:07.1 | and we're working hard to help the UK's energy transition. |
| 0:10.1 | We may not have all the answers yet, but we're determined to find them. |
| 0:13.5 | Equinor, an energy company, searching for better. |
| 0:16.9 | 99.6% of Equinor's energy output is oil and gas. |
| 0:20.5 | Our investment in renewables and low-carbon |
| 0:22.4 | solutions has increased from 4% in 2020 to 27% in 2024. Find out more at equinor.com. |
| 0:32.2 | Good morning from The Financial Times. Today is Wednesday, October 15th. And this is your FT News |
| 0:37.3 | briefing. The heads of |
| 0:39.0 | U.S. banks are getting a little queasy. And since the U.S. isn't releasing economic data right now, |
| 0:45.4 | investors are getting their numbers elsewhere. Plus, are there too many European defense |
| 0:51.2 | startups? They range from companies that are developing autonomous drones to unmanned submarines, |
| 0:58.2 | even to biorebotic cockroaches. |
| 1:01.1 | I'm Mark Filipino, and here's the news you need to start your day. |
| 1:15.3 | The CEOs of American banks are sounding the alarm. |
| 1:19.8 | Goldman Sachs, JP Morgan Chase, and Citigroup reported earnings yesterday, |
| 1:23.1 | and they all said more or less the same thing, |
| 1:26.7 | that financial markets run the risk of entering bubble territory. |
| 1:32.2 | A few of them pointed to the massive gains made by companies focusing on artificial intelligence. |
| 1:36.3 | City Chief Executive Jane Frazier called the global economy resilient, |
| 1:38.3 | but also said, quote, |
... |
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