The US dollar surges
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 18 November 2024
⏱️ 14 minutes
🧾️ Download transcript
Summary
President Joe Biden has authorised Ukraine to launch limited strikes into Russia using US-made long-range missiles, and the world’s largest economies are gathering in Brazil for a G20 summit overshadowed by Donald Trump. The US dollar is rallying, as markets expect that the next administration will reignite inflation. Meanwhile, the president-elect’s tariff proposals have sent European markets tumbling. Plus, offshore oil is back.
Mentioned in this podcast:
Biden allows Ukraine to strike Russia with US-made long-range missiles
Bitcoin, dollar and Tesla jump as investors pile into ‘Trump trades’
European stocks lag US by record margin as ‘Trump trade’ bites
Donald Trump victory threatens to throw G20 initiatives into disarray
Offshore oil is back. At what cost?
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. 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 | We're Equinor, an energy company searching for better. |
| 0:03.0 | Currently, we supply 27% of the UK's gas, 15% of its oil, |
| 0:07.7 | and we're playing our part in the UK's energy transition. |
| 0:11.0 | Our wind farms power 750,000 homes, |
| 0:14.0 | and we expect that to grow to over 7 million. |
| 0:16.5 | Last year, we invested 20% of our global growth spend in renewables |
| 0:20.1 | and lower carbon solutions. |
| 0:22.0 | We plan to increase that to 50% by 2030. |
| 0:25.4 | We're an energy company searching for better. |
| 0:28.4 | equinore.co.uk. |
| 0:33.4 | Good morning from the Financial Times. |
| 0:36.1 | Today is Monday, November 18th, and this is your FT News Briefing. |
| 0:40.8 | The U.S. will allow Ukraine to hit Russia with its long-range missiles, |
| 0:45.9 | and the dollar has been soaring ever since the election. |
| 0:50.1 | Plus, big oil has its site set on the ocean floor. |
| 0:54.0 | Again. |
| 0:55.0 | I'm Kasha Brusalian, and here's the news you need to start your day. |
| 1:09.0 | U.S. President Joe Biden has given Ukraine the green light to use American long-range missiles inside Russia. |
| 1:17.5 | That's a major policy shift from Biden. He was afraid that the strikes would ramp up tensions with Moscow. |
| 1:24.0 | The decision now comes after North Korea deployed thousands of troops to support Russia in the war. |
| 1:30.3 | Ukraine will probably use the long-range missiles first to target Russian and North Korean forces in the Kursk region. |
| 1:37.3 | Keeb has held territory there since the summer. |
... |
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