The cult-like appeal of Modi
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 16 May 2024
⏱️ 12 minutes
🧾️ Download transcript
Summary
The US inflation report sent stocks to record highs and Slovak Prime Minister Robert Fico was shot on Wednesday. Plus, the FT’s John Reed explains why India’s Prime Minister Narendra Modi is so popular.
Mentioned in this podcast:
US inflation falls to 3.4% in April
Slovak premier Robert Fico shot and injured
Narendra Modi launches candidacy in India’s marathon election
How to understand Modi’s India
CREDIT: Sansad TV
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Breen Turner, Jyotsna Singh, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. 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 | Good morning from the Financial Times. Today is Thursday, May 16th, and this is your |
| 0:17.8 | FT news briefing. The US had a good inflation report for the first time all year. |
| 0:24.0 | And the Slovakian Prime Minister has been shot. |
| 0:28.0 | Plus India's Prime Minister Norendra Modi has been in power for more than a decade and is expected to win |
| 0:34.7 | re-election this year. |
| 0:36.4 | We look into why he's so popular. |
| 0:38.6 | His campaign is also uses one of its main slogans, |
| 0:41.9 | Mordicaparivarar which means Modi's family, |
| 0:45.6 | basically saying that everyone in India is his child. |
| 0:49.2 | I'm Mark Filipino, and here's the news you need to start your day. U.S. stock indices hit record highs yesterday. |
| 1:10.0 | came after a consumer price index report showed that inflation fell ever so slightly to 3.4% in April |
| 1:18.0 | that was in line with economist expectations. |
| 1:22.0 | But it was the first time in four months that inflation |
| 1:24.2 | was not worse than what economists forecasted and this made investors |
| 1:28.8 | increased their bets that the Federal Reserve will cut interest rates this |
| 1:32.3 | year which in turn gave boost to the S&T. that the Federal Reserve will cut interest rates this year, |
| 1:32.9 | which in turn gave boost to the S&P 500 and the NASDAQ. |
| 1:36.9 | They were both up more than a percent yesterday. Slovakia's Prime Minister Robert Fizzo was shot yesterday and at the time of this |
| 1:50.8 | recording he is in critical condition. |
| 1:53.4 | The government called it an assassination attempt and several politicians blame the |
... |
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