Japanese investors hope for a corporate shake-up
FT News Briefing
Forhecz Topher
4.4 • 1.2K Ratings
🗓️ 30 April 2025
⏱️ 13 minutes
🧾️ Download transcript
Summary
Donald Trump unveiled more tariff relief for some carmakers, and shares in a number of companies surged in Tokyo after a plan for carmaker Toyota Motor to take one of its subsidiaries private. Plus, Wall Street economists forecast that US GDP shrank in the first quarter, and contrary to some stereotypes, Generation Z is leading the charge back to the office.
Mentioned in this podcast:
Wall Street banks predict GDP contraction after US trade deficit hits record
Donald Trump set to announce new car tariff climbdown in Michigan
Japan shares surge after Toyota spurs hopes for wider corporate shake-up
Gen Z is leading the charge back to the office
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Katie McMurran, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song 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 | We're Equinor, an energy company searching for better. Currently, we supply 27% of the UK's gas, |
| 0:07.0 | 15% of its oil, and we're playing our part in the UK's energy transition. In 2023, we invested |
| 0:14.1 | 20% of our global gross spend in renewables and lower carbon solutions. Today, our wind farms power |
| 0:20.0 | 750,000 homes, |
| 0:22.0 | and we expect this to grow to over 7 million UK households. |
| 0:25.7 | We're an energy company searching for better. |
| 0:28.2 | Equinore.co.uk. |
| 0:34.1 | Good morning from the Financial Times. |
| 0:36.1 | Today is Wednesday, April 30th, And this is your FT News briefing. |
| 0:40.8 | Wall Street is not super optimistic about US GDP. And Japanese investors have their fingers crossed |
| 0:48.1 | that one deal could spark a wider shakeup. Plus, apparently Gen Z doesn't hate the idea of working in the office. |
| 0:56.4 | They do want the opportunities to learn in person, but they don't want to be in the office |
| 1:00.8 | five days a week necessarily. |
| 1:03.5 | I'm Mark Filipino, and here's the news you need to start your day. Donald Trump is offering some tariff relief to carmakers. |
| 1:19.6 | The U.S. President said yesterday his administration will do this through a rebate system. |
| 1:25.1 | Companies will be exempt from paying extra tariffs on steel and aluminum on imported car parts. The rebate system. Companies will be exempt from paying extra tariffs on steel and aluminum on imported |
| 1:29.9 | car parts. The rebate kicks in on imported parts if companies assemble the vehicle in the U.S. |
| 1:36.2 | They'll get a small percentage of the 25% tariff back. This announcement comes just four days |
| 1:42.0 | before the administration was set to impose the tariffs on imported auto parts. |
| 1:46.6 | Prior to this, several car companies had polled or drastically lowered their profit guidance. |
| 1:52.4 | GM on Tuesday stopped share buybacks and blamed tariff uncertainty. |
| 2:08.5 | Japanese carmaker Toyota Motor wants to take one of its subsidiaries private. |
... |
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