The TikTok divide
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 19 April 2023
⏱️ 11 minutes
🧾️ Download transcript
Summary
Rupert Murdoch’s Fox has agreed to pay $787.5mn to settle a landmark defamation case, Bank of America emerged from banking turmoil with higher first-quarter profits, China’s latest GDP numbers show the economy is rebounding from one of its worst years in decades, and lawmakers and activists from across the political spectrum have come out against efforts in western countries to ban or curb TikTok
Mentioned in this podcast:
Bank of America plans 4,000 job cuts despite strong results
Five takeaways from China’s first-quarter GDP data
Dissenting politicians join young activists to oppose TikTok bans
FT Live Event: The UK’s 2024 Election
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 |
| 0:10.4 | Good morning from the Financial Times. |
| 0:12.4 | Today is Wednesday, April 19th, and this is your FT News Briefing. |
| 0:19.4 | Fox News' parent company settled a defamation lawsuit. |
| 0:23.3 | The biggest US banks have emerged from the banking panic in pretty great shape. |
| 0:28.6 | China's economy is bouncing back from the pandemic, and a lot of lawmakers want to restrict |
| 0:35.0 | the use of TikTok. The FT's Yuan Yang says if you look closely at the debate. |
| 0:41.0 | There's a really big growth in public narrative between the generations, the |
| 0:46.6 | and millennial, let's say, under 30s, who largely use the platform, |
| 0:50.3 | and the politicians who let's face that are largely over the age of 50 or 60. |
| 0:56.0 | I'm Sonya Hudson from Arc Filipino, and here's the news you need to start your day. |
| 1:06.5 | The corporation that owns Fox News has settled a defamation case over its claims of US election fraud |
| 1:13.9 | to the tune of about $787 million. That's according to a lawyer for the voting machine-maker |
| 1:20.8 | Dominion. Dominion sued Fox Corporation for on-air statements that accused the company of |
| 1:26.9 | rigging its devices to award votes to President Joe Biden. |
| 1:31.3 | The settlement means that Fox can avoid public testimony from several Fox stars, |
| 1:36.3 | including Tucker Carlson and Laura Ingram. |
| 1:44.6 | Bank of America reported earnings yesterday, and like other US mega banks, |
| 1:49.4 | be of a sailed out of last month's banking crisis in fine shape. First quarter profits were |
| 1:55.8 | up 15%. Here's the FT's Josh Franklin. |
| 2:00.7 | So the big banks, the JP Morgan Chase's, the city groups, the Bank of America's of the world, |
... |
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