The Fed plans to be ‘humble and nimble’ and hawkish
FT News Briefing
Forhecz Topher
4.4 • 1.2K Ratings
🗓️ 27 January 2022
⏱️ 11 minutes
🧾️ Download transcript
Summary
Tesla reported a record net profit of $2.3bn last quarter but warned of supply chain constraints and the Federal Reserve signalled its intention to raise interest rates in March. Plus, the FT’s China correspondent, Ed White, talks about China’s vaping queen and her company's stock price which went up in smoke this week.
Mentioned in this podcast:
Tesla reports record profit but warns of constraints on supply chain
Fed signals March rate rise as it fights rampant inflation
China’s vape queen hit by Beijing investigation
Apple reclaims top smartphone spot in China
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
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Transcript
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| 0:00.0 | The FT News Briefing is supported by Equinole, the UK's energy partner. |
| 0:06.3 | Learn more at equinole.co.uk |
| 0:09.9 | Good morning from the Financial Times. |
| 0:11.5 | Today is Thursday, January 27th. |
| 0:13.9 | And this is your FT News Briefing. |
| 0:18.8 | The Federal Reserve said it will be humble and nimble as it signals that'll start raising rates |
| 0:23.3 | in March and vaping has been a hot sector for investors in tobacco-friendly China, |
| 0:28.5 | but then Beijing started cracking down. |
| 0:30.8 | I think also it just is another one of these cautionary tales for investors and for the markets, |
| 0:36.5 | which always jump on these growth industries in China, |
| 0:39.2 | but they just turn around and the whiplash can be so fast. |
| 0:43.9 | But first we'll talk about Tesla and why record profits didn't satisfy investors. |
| 0:48.8 | I'm Mark Filipino and here's the news you need to start your day. |
| 0:59.0 | Tesla raked in $2.3 billion last quarter. |
| 1:03.2 | The electric carmaker reported those record earnings yesterday |
| 1:06.3 | and it is 65% higher than the same quarter the previous year. |
| 1:10.4 | Here's the FT San Francisco Correspondent Patrick McGee. |
| 1:13.9 | It's really amazing if you're taking like a five-year view |
| 1:19.6 | how they've actually managed to accomplish this, get through a supply chain crisis. |
| 1:23.6 | It just is remarkable that Tesla really still has the EV market. |
| 1:27.0 | To some extent, like to itself, I mean if you recall, |
| 1:30.7 | Tesla was plagued for years for never having, you know, |
... |
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