The struggle is real for investors in the high-rate era
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 5 December 2022
⏱️ 11 minutes
🧾️ Download transcript
Summary
EU and US officials meet today to discuss the effect Washington’s green subsidies plan is having on Europe and Opec is standing pat as the cartel awaits a price cap on Russian oil to go into effect. Plus, the FT’s Katie Martin explains how fund managers are struggling in the new era of higher interest rates.
Mentioned in this podcast:
Von der Leyen promises EU help for companies lured by US green subsidies
Opec+ says ready to adjust oil output as Russia embargo looms
A year of pain: investors struggle in a new era of higher rates
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. 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 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 Monday, December 5th, and this is your FT News Briefing. |
| 0:18.8 | The EU and the US are at odds over green subsidies, |
| 0:22.5 | and OPEC is taking a wait-and-see approach to oil production. |
| 0:26.5 | Plus, the FT's Katie Martin explains what the end of cheap money means for investors. |
| 0:31.7 | You're not going to find that the markets are a rising tide that just |
| 0:35.3 | raise all boats. |
| 0:37.7 | I'm Mark Philippineau, and here's the news you need to start your day. |
| 0:50.9 | The EU is trying to keep up with the US at green subsidies. |
| 0:54.3 | The blocs trying to counteract the competitive effects of the US's nearly |
| 0:58.0 | $370 billion climate package, called the Inflation Reduction Act. |
| 1:03.0 | Congress passed it earlier this year, and it's causing some tension between the US and the EU. |
| 1:08.0 | The FT's Henry Floyd joins me and talk more about it. |
| 1:10.5 | Hi, Henry. |
| 1:11.8 | Hey, Mark. |
| 1:13.0 | Okay, so why does the EU have a beef with the Inflation Reduction Act or the IRA for short? |
| 1:19.6 | So, what the EU countries are saying is, look, you guys have pulled together this fantastic package. |
| 1:25.8 | We agree with the intention. |
| 1:27.6 | We also want to promote green energy and climate-friendly technologies. |
| 1:32.0 | However, by making it so vociferously by American and by only allowing purely American |
... |
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