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FT News Briefing

Markets brace for Trump-era volatility

FT News Briefing

Forhecz Topher

News, Unknown, News & Politics, Daily News

4.4 • 1.2K Ratings

🗓️ 22 January 2025

⏱️ 12 minutes

🧾️ Download transcript

Summary

Netflix added a record 19mn subscribers in the fourth quarter, fuelled by live sports. US stocks rallied while currencies swung the day after Donald Trump’s inauguration, and TikTok-owner ByteDance plans to spend $12bn on AI chips in 2025. Plus, Chinese citizens’ doubts grow over the government’s economic growth claims.  


Mentioned in this podcast:

Netflix shares jump as it adds record number of subscribers 

Wall Street stocks climb as investors parse Donald Trump’s executive orders 

TikTok-owner ByteDance plans to spend $12bn on AI chips in 2025 

Chinese citizens’ doubts grow over official economic growth claims

 

The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian, Lulu Smyth, 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

We're Equinor, an energy company searching for better.

0:03.0

Currently, we supply 27% of the UK's gas, 15% of its oil,

0:07.7

and we're playing our part in the UK's energy transition.

0:11.0

Our wind farms power 750,000 homes,

0:14.0

and we expect that to grow to over 7 million.

0:16.5

Last year, we invested 20% of our global growth spend in renewables

0:20.1

and lower carbon solutions.

0:22.0

We plan to increase that to 50% by 2030.

0:25.4

We're an energy company searching for better.

0:28.4

equinore.co.uk.

0:33.6

Good morning from the Financial Times.

0:36.0

Today is Wednesday, January 22nd, and this is your

0:40.0

FT News briefing. Netflix just broke a subscriber record, and Wall Street investors are bracing

0:48.0

for a new period of volatility. Plus, China says its economy grew by 5% last year.

0:56.1

But people on the ground aren't feeling it.

0:59.9

One person in the state-owned bank said that his lending portfolio is 20% smaller this year than in the past.

1:06.6

I'm Sonia Hudson, and here's the news you need to start your day.

1:20.5

Music I'm Sonia Hudson, and here's the news you need to start your day. More people are binging Netflix than ever before.

1:24.7

That's according to the company's earnings report yesterday.

1:29.2

The streaming giant gained a record 19 million new subscribers during the last quarter, ultimately topping 300 million

1:36.8

in total. That's its biggest audience yet. Pivoting to live sports helped fuel the surge.

1:44.2

Viewers flocked to watch a boxing match between Mike Tyson and Jake Paul.

...

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