The stock winners and losers half way through the year
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 26 July 2021
⏱️ 10 minutes
🧾️ Download transcript
Summary
The international community is responding to the military’s protest crackdown in a variety of ways, and a look at why Nasdaq is separating its existing marketplace for private company shares into a new unit. Plus, the FT’s markets editor, Katie Martin, talks about the performance of the FT’s annual stock picking contest, thus far.
US places sanctions on head of Cuban military over protest crackdown
https://www.ft.com/content/11d34723-0e79-4718-a9d3-7884ab96e306
Nasdaq: private market exchange is the next frontier, with US Lex editor Sujeet Indap
https://www.ft.com/content/630ac956-c521-4973-9d14-b707fe16c5a3?
FT stockpicking contest: winners and losers at the half way mark, with markets editor Katie Martin
https://www.ft.com/content/1625ef6f-83d5-4a0d-8bbf-7a61b06a963b?
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Our intern is Zoe Han. Additional help by Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
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Transcript
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| 0:00.0 | Good morning from the Financial Times. Today is Monday, July 26th, and this is your FT news briefing. |
| 0:08.5 | First, we'll check in on the international reaction to the protests in Cuba, |
| 0:12.5 | and then look at why NASDAQ is beefing up its market for private companies. |
| 0:17.3 | Plus, every year the FT holds a stockpicking contest. |
| 0:21.2 | It is really just a bit of fun, but it does mean that you can be a total amateur and do amazingly |
| 0:27.0 | well and you can be a proper investment professional and absolutely bomb. |
| 0:31.2 | We'll look at how the game has turned out so far. I'm Mark Filipino, and here's the news you need to start your day. |
| 0:40.4 | Cuba's civil unrest has been driven by shortages, not enough work, not enough money, not enough food. |
| 0:47.2 | And thousands of people took to the streets on July 11th in Cuba's biggest anti-government protests |
| 0:52.3 | in decades. The government responded with a military crackdown and by restricting internet access |
| 0:57.9 | on most of the island. US President Joe Biden imposed economic sanctions on the head of Cuba's |
| 1:02.9 | military, but as the FT's Latin America editor, Michael Stop, points out other countries have reacted |
| 1:08.6 | much differently to the situation in Cuba. In Mexico, which has a leftist president, |
| 1:13.7 | Andres Manuel López Obrador, they have announced an aid program and they're sending |
| 1:18.2 | two Navy ships loaded with food and medical supplies to Cuba. So almost straight after Biden |
| 1:25.4 | announced the sanctions, López Obrador said there we're going to send aid, we're going to send |
| 1:30.0 | food and medical supplies. Naturally, it's the US embargo that's the problem. And then Russia, |
| 1:35.1 | the most important ally, perhaps of all of Cuba, said that it was also going to send aid to Cuba. |
| 1:41.6 | It was airlifting aid to Cuba. And the Spanish Prime Minister, who's again from the left, |
| 1:46.0 | has said the international community should show solidarity and donate vaccines to Cuba. |
| 1:50.5 | So we've seen very different responses from different countries. |
| 1:54.5 | Michael Stop is the FT's Latin America editor. |
... |
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