Looming US port strikes threaten supply chain
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 23 September 2024
⏱️ 12 minutes
🧾️ Download transcript
Summary
Olaf Scholz’s SPD narrowly fends off the AfD in Brandenburg’s state election, and chipmaker Qualcomm approaches Intel about a potential takeover. AI search engine Perplexity mounts an ambitious effort to break Google’s stranglehold over the $300bn digital ads industry. Plus, a strike at three dozen US ports could upend supply chains and raise prices just weeks before Election Day.
Mentioned in this podcast:
Germany’s SPD leads far right in Brandenburg election
Perplexity in talks with top brands on ads model as it challenges Google
Qualcomm approached Intel about takeover bid in recent days
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. 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 | The UK's energy partner. |
| 0:06.0 | Learn more at equinore. |
| 0:10.0 | At equinore. |
| 0:11.0 | Good morning from the Financial Times. Today is Monday, September 23rd, and this is your |
| 0:18.1 | FT news briefing. Germany's center left squeaked out a win yesterday. |
| 0:23.4 | And businesses are bracing for a major strike across US ports next week. |
| 0:29.1 | Plus, one of the fastest growing AI companies wants to bump Google off its advertising perch. |
| 0:36.0 | I'm Kasha Bursalian and here's the news you need to start your day. Germany's social democrats were breathing a huge sigh of relief on Sunday night. In Brandenburg state elections the party won a very |
| 0:56.3 | narrow lead over its biggest rival, the far right alternative for Deutschland. This win is a big deal because Brandenburg is a social |
| 1:05.2 | democratic stronghold. The party has ruled the state for more than 30 years. |
| 1:09.7 | It's also where German Chancellor Olaf Schultz lives. |
| 1:13.0 | And Schultz is having a tough time these days. |
| 1:16.0 | His approval ratings are rock-bottom. |
| 1:19.0 | Some Social Democrats have even privately said that he should step aside rather than run for a second term as |
| 1:25.2 | Chancellor. That way, someone more popular could step in for elections next year. But yesterday's |
| 1:31.2 | results might just be enough to silence some of his critics, at least for now. |
| 1:37.0 | Workers at dozens of ports on the east coast of the US could be going on strike next week. |
| 1:47.0 | Negotiations between the ports and the union representing the longshoremen have completely stalled. if workers walk off the job the effect |
| 1:55.3 | could be devastating for supply chains. I'm joined now by the F.T.'s Taylor Nicole |
| 2:00.4 | Rogers to talk about what a strike might mean for the U.S. economy. |
| 2:04.0 | Hey Taylor. |
| 2:05.0 | Hi, it's so great to be back. |
... |
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