Poland versus the EU
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 27 October 2021
⏱️ 11 minutes
🧾️ Download transcript
Summary
Read a transcript of this episode on FT.com
https://www.ft.com/content/8bb01ecf-622f-462f-b090-6cf5fa69a2ec
Trading app Robinhood’s third-quarter earnings flopped, Google’s parent company Alphabet smashes expectations, and UK chancellor Rishi Sunak is expected to commit to fiscal discipline when he announces his budget today. Plus, the FT’s eastern European correspondent, James Shotter, explains how Poland has become one of the biggest thorns in the EU’s side.
Robinhood disappoints as crypto activity fades - with Madison Darbyshire
https://www.ft.com/content/b891e200-da57-4dcb-bda4-e0bcc6de228e
Alphabet and Microsoft smash estimates with $110bn revenue haul
https://www.ft.com/content/273aeecb-57a8-40f8-a2ba-8a21a635b289
Sunak to commit to fiscal discipline in Budget - with Chris Giles
https://www.ft.com/content/3fe18137-a4cf-4bd1-9985-1669b808016b
How Poland became Europe’s biggest rebel - with James Shotter
https://www.ft.com/content/d59e9054-95ba-4093-b1cf-3ead1bae0982
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann and Michael Bruning. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
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Transcript
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| 0:00.0 | Good morning from the Financial Tunt. |
| 0:01.6 | Today is Wednesday, October 27th, and this is your FT News Briefing. |
| 0:08.8 | Robin Hood missed the mark with its latest earnings, |
| 0:12.2 | while Google's parent company Alphabet exceeded expectations. |
| 0:16.0 | And UK Chancellor Rishi Sunak will unveil his country's budget today, |
| 0:19.9 | will chat with the FT's Chris Giles about what he's looking for, |
| 0:23.3 | plus Poland's feud with the EU has been escalating. |
| 0:27.6 | I would say it is probably one of the lowest points, |
| 0:30.9 | if not the lowest points, doing Poland's membership with the EU. |
| 0:34.8 | And it's not clear how Brussels and Warsaw can find room for compromise. |
| 0:39.7 | And Mark Filipino, and here's the news you need to start your day. |
| 0:47.0 | Robin Hood did not make off like a band at last quarter. |
| 0:50.6 | The company was at the center of the retail trading wave, |
| 0:53.2 | it listed on the stock market at the end of July, |
| 0:55.8 | and it was expected to rake in $423 million in revenue for the third quarter. |
| 1:01.1 | But yesterday, the internet broker announced earnings that fell $60 million short. |
| 1:06.9 | The FT's investment reporter Madison Darby Shire says, |
| 1:09.6 | Robin Hood's a little bit of a victim of its own success. |
| 1:13.1 | So Robin Hood's in a pretty tough spot, where they've had a pretty unbelievable year of growth, |
| 1:20.0 | setting all kinds of records, which makes it really hard for them to |
| 1:25.8 | make that sustainable. |
| 1:27.2 | So the revenues from cryptocurrency trading fell almost 80% from the second quarter |
... |
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