The Fed ignores Trump’s calls to cut rates
FT News Briefing
Forhecz Topher
4.4 • 1.2K Ratings
🗓️ 30 January 2025
⏱️ 12 minutes
🧾️ Download transcript
Summary
Big Tech earnings season is in full swing, the US Federal Reserve held interest rates steady despite pressure from President Donald Trump, and Syria’s new government pressed Moscow about reparations. Plus, activist short-selling is on the decline.
Mentioned in this podcast:
Meta’s bumper results tempered by revenue outlook
Federal Reserve keeps US interest rates on hold
Syria asks Russia for reparations
Last men standing: the short sellers who remain after Hindenburg’s exit
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian, Lulu Smyth, 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 | We're Equinor, an energy company searching for better. |
| 0:03.0 | Currently, we supply 27% of the UK's gas, 15% of its oil, |
| 0:07.7 | and we're playing our part in the UK's energy transition. |
| 0:11.0 | Our wind farms power 750,000 homes, |
| 0:14.0 | and we expect that to grow to over 7 million. |
| 0:16.5 | Last year, we invested 20% of our global growth spend in renewables |
| 0:20.1 | and lower carbon solutions. |
| 0:22.0 | We plan to increase that to 50% by 2030. |
| 0:25.4 | We're an energy company searching for better. |
| 0:28.4 | equinore.co.uk. |
| 0:33.7 | Good morning from the Financial Times. |
| 0:36.0 | Today is Thursday, January 30th, and this is your FT News Briefing. |
| 0:41.6 | Big Tech earnings season kicked off yesterday, and the Federal Reserve held interest rates steady, resisting pressure from U.S. President Donald Trump. |
| 0:51.9 | Plus, we look at why Wall Street's detectives are calling it a day. |
| 0:57.7 | Being an activist shortseller can be very, very lonely, and many have argued it's become |
| 1:02.1 | more difficult. |
| 1:03.6 | I'm Sonia Hudson, and here's the news you need to start your day. |
| 1:15.0 | Thank you. start your day. Two tech giants reported their quarterly earnings, and it was a mixed bag. |
| 1:21.2 | Microsoft's revenue shot up more than 10% from the previous year. |
| 1:26.3 | But cloud computing sales fell short of Wall Street's |
| 1:29.2 | estimates. Those are typically its biggest revenue driver. So Microsoft share price dropped more |
| 1:36.0 | than 5% in after-hours trading. And meta beat expectations for sales and profit. Its net income jumped nearly 50% last quarter. |
... |
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