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FT News Briefing

Monday, May 13

FT News Briefing

Forhecz Topher

News, Daily News, News & Politics

4.41.3K Ratings

🗓️ 13 May 2019

⏱️ 10 minutes

🧾️ Download transcript

Summary

Donald Trump’s top economic adviser, Larry Kudlow, raises the prospect of a face-to-face encounter between the US president and China’s Xi Jinping, three influential advisory groups encourage Volkswagen shareholders to vote against the stewardship of all but one member of the German automaker’s board at the annual meeting on Tuesday and Boeing expects “far reaching” changes to the way aircraft are certified safe across the global aviation industry. Plus, the FT’s private equity correspondent in London Javier Espinoza explains why private equity firms have shunned the UK for Europe.

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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

Good morning from the newsroom of the Financial Times.

0:12.0

Today is Monday, May 13th. Good morning from the newsroom of the Financial Times.

0:12.6

Today is Monday, May 13th, and this is your FT news briefing.

0:18.2

Donald Trump and China's president, G. Jing Ping,

0:21.3

could rescue a trade deal at the G20 summit in Japan next month.

0:25.0

Volkswagen's board is gearing up for another showdown with investors,

0:29.0

and Boeing expects far-reaching changes to the way aircraft are certified safe across the global aviation industry.

0:37.0

Then the FT's habeer Espinoza explains why private equity executives are losing patients with the UK and turning to Europe instead.

0:46.0

I'm Mark Filipino and here's the news you need to start your day. A US-China trade deal could be salvaged in a potential face-to-face

0:58.0

meeting between the presidents of the two countries. National Economic Council Director Larry Cuddlow says there's a quote

1:05.1

strong possibility end quote that US President Donald Trump and China's

1:09.5

President Beijing would meet at the G20 Summit in Japan next month.

1:14.4

Mr. Kudlow's comments comes just as the U.S. plans to put higher tariffs on hundreds of billions

1:20.0

of dollars of Chinese goods.

1:22.2

Today, the administration is expected to release details of additional goods that

1:26.5

it wants to hit with 25% tariffs if there is no progress in the negotiations with Beijing. This is after already raising levies on an earlier list of Chinese goods last Friday.

1:38.0

Just two weeks ago, it seemed that the two countries were close to ending their trade battle.

1:42.0

There are no negotiations between the U.S. the two countries were close to ending their trade battle.

1:43.1

There are no negotiations between the US and China scheduled between now and the G20 summit.

1:48.8

But Mr. Kudlow says Chinese officials have invited US Trade Representative Robert Lighthizer and US Treasury Secretary

...

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