Strikes threaten Boeing’s bottom line
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 8 October 2024
⏱️ 13 minutes
🧾️ Download transcript
Summary
Big bank bosses join a growing list of prominent financiers expected to skip COP29 next month, and Spain proposes a new mechanism to help harmonise the EU’s capital and credit markets. Plus, activist investor Starboard Value has built a $1bn position in struggling drugmaker Pfizer, and tens of thousands of striking machinists are threatening Boeing’s recovery.
Mentioned in this podcast:
“You only go to the party if everyone is going”: finance bosses shun COP29
Spain to propose mini-coalitions to break EU capital markets stalemate
Activist investor Starboard builds $1bn stake in drugmaker Pfizer
‘They’re just mad’: Boeing strikers prepare for long haul
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 Tuesday, October 8th, and this is your |
| 0:18.1 | FT news briefing. Financial leaders are foregoing the biggest climate conference on the calendar. |
| 0:25.0 | And Spain has a plan to make it easier for companies within the European Union to raise money. |
| 0:31.0 | Plus Boeing is dealing with another major issue this year, a |
| 0:36.6 | massive strike. I'm Sonia Hudson and here's the news you need to start your day. |
| 0:42.6 | A bunch of prominent finance and insurance executives are skipping the |
| 0:58.0 | UN Climate Conference cop this year like the bosses at Bank of America, Lloyds of London, and Black Rock. |
| 1:05.8 | Which isn't great news for the summit, given that the organizers are calling it the finance |
| 1:11.4 | cop. The plan is to discuss a new global financial target |
| 1:15.9 | to support developing countries that are suffering the worst effects of climate |
| 1:20.3 | change. Some of the leaders missing the conference blamed logistical difficulties |
| 1:25.6 | and fewer opportunities for client networking than last year. Spain has a new plan to fast track financial integration in the EU. |
| 1:41.2 | The idea is to help the block compete on the global stage. |
| 1:45.0 | Member states have resisted removing barriers in capital markets between countries for |
| 1:50.0 | years. |
| 1:51.0 | I'm joined now by the F.T.'s Barney Jopsin to learn more about Spain's proposal. |
| 1:55.8 | Hi Barney. |
| 1:56.8 | Hi there, good to be here. |
| 1:58.8 | Good to have you. |
... |
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