The pandemic is messing with US labour market data
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 4 January 2022
⏱️ 11 minutes
🧾️ Download transcript
Summary
Read a transcript of this episode on FT.com
https://www.ft.com/content/f1236902-0997-4028-8cd1-d50317d10aba
A jury found Elizabeth Holmes guilty of conspiring to defraud investors in the failed blood testing start-up Theranos, Apple has become the first company to hit a market capitalisation of $3tn and US president Joe Biden is launching a crackdown on the country’s largest meat producers. Plus, the FT’s US economics editor Colby Smith explains why the country is struggling to measure jobs growth and the larger ramifications.
Elizabeth Holmes found guilty in criminal fraud trial
https://www.ft.com/content/8bde19f6-e8a5-4800-8882-fd799f0caac0
Apple becomes first $3tn company after boost from pandemic demand
https://www.ft.com/content/57f57303-82b9-49db-89ee-54888e1c714d
Biden launches crackdown on largest US meat producers
https://www.ft.com/content/a180dc0d-0cfc-4321-91aa-c5772b4a8dc1
US struggles to measure jobs growth as pandemic distorts labour market data
https://www.ft.com/content/4f1155be-1a5f-4fd2-ba57-b15bdb273c00
Mercedes breaks 1,000km barrier with electric-vehicle prototype
https://www.ft.com/content/0017dfdf-c308-4e04-b4cb-8055568ddffe
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.
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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. |
| 0:09.8 | Good morning from the Financial Times. |
| 0:11.5 | Today is Tuesday, January 4th, and this is your FT News Briefing. |
| 0:18.4 | The jury has reached a verdict near Elizabeth Holmes trial. |
| 0:21.8 | Apple's market capitalization has reached a new milestone, |
| 0:25.2 | and Joe Biden is trying to make American meat cheaper. |
| 0:28.6 | Plus, don't get too excited about the December jobs report |
| 0:31.6 | that's due out on Friday. |
| 0:33.0 | It may change by a lot. |
| 0:35.5 | In a pandemic, it's been quite difficult to get a clear reading |
| 0:39.5 | on the state of the economy and the health of the labor market in particular, |
| 0:43.3 | just because things are changing so quickly. |
| 0:47.1 | We'll talk about why the US has been struggling to measure jobs growth. |
| 0:51.0 | A Mark Filipino, and here's the news you need to start your day. |
| 1:01.6 | Jurors yesterday found Elizabeth Holmes guilty of conspiring to defraud investors. |
| 1:06.8 | Holmes is the founder and former head of the failed blood testing startup Theranos. |
| 1:11.0 | The company was worth about $9 billion at its peak, but it was dissolved in 2018 |
| 1:16.1 | after having faced investigations by regulators. |
| 1:18.8 | The California jury also convicted Holmes on three counts of wire fraud |
| 1:22.6 | and conspiracy to commit wire fraud. |
| 1:24.8 | They found her not guilty on four other counts. |
... |
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