Tensions escalate between Iran and Israel
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 1 August 2024
⏱️ 13 minutes
🧾️ Download transcript
Summary
An interest rate cut could be on the table for the Federal Reserve’s next meeting, conflict in the Middle East is intensifying, and the Nasdaq composite jumped 2.7% on Wednesday. Plus, the FT’s Barney Jopson explains the recent wave of backlash against tourists.
Mentioned in this podcast:
Powell says September rate cut ‘on the table’ after Fed notes ‘some further progress’ on inflation
Assassinated: the arch-enemies of Israel killed in twin strikes
The cost of Europe’s backlash against tourists
CREDIT: The Telegraph
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Mischa Frankl-Duval, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. 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 | The UK's energy partner. The F.Couinore. Good morning from the Financial Times. Today is Thursday, August 1st. |
| 0:17.0 | And this is your FT News briefing. |
| 0:21.0 | The Federal Reserve looks like it's right on the cusp of an interest rate cut, and tensions |
| 0:26.4 | continue to escalate in the Middle East. |
| 0:29.6 | Plus, Spain is beautiful this time of year, but not everyone wants you to buy that plane ticket. |
| 0:35.0 | You know, sadly, a lot of tourists come to Spain, they get drunk, they misbehave, and locals get upset by that. |
| 0:41.0 | I'm Mark Filipino, and here's the news you need to start your day. The Fed left interest rates unchanged yesterday, but it did say that a cut could be on the table during its next meeting in September. |
| 1:08.0 | That would bring down borrowing costs from a 23-year high. |
| 1:12.0 | Here's what the Fed wants to see in order to pull the... from a 23 year high. |
| 1:12.8 | Here's what the Fed wants to see in order to pull the trigger. |
| 1:15.7 | First, the US labor market needs to keep cooling off. |
| 1:19.1 | So far, so good. |
| 1:20.5 | Employers are reducing the number of people that they're hiring. |
| 1:24.0 | Second, inflation needs to keep declining toward the Fed's 2% target. |
| 1:29.0 | That's also been right on track recently. |
| 1:31.0 | The Consumer Price Index was down to 3% in June. |
| 1:37.0 | Conflict in the Middle East is heating up. |
| 1:44.3 | Israel has majorly escalated tensions with a strike against a senior Hezbollah official. |
| 1:49.5 | It's also been accused of assassinating a senior Hamas official in Iran. |
| 1:55.0 | Here to explain Israel's thinking and the risk of a full-blown conflict in the region is |
... |
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