Three big economic ideas that explain the US election
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 22 October 2024
⏱️ 12 minutes
🧾️ Download transcript
Summary
Share buybacks on mainland China’s biggest exchanges have soared to a record high this year, and Israel has attacked an Hizbollah-affiliated financial institution in Lebanon. Plus, Disney has appointed former Morgan Stanley boss James Gorman as its new chair, and a trip to America’s third-biggest shopping mall offers answers to what’s really going on in the US election.
Mentioned in this podcast:
Israel strikes Hizbollah-linked lender in Lebanon
Disney sets new timetable to replace Bob Iger as chief
Four economic truths that explain the US’s bizarre election
Chinese share buybacks hit record high as Beijing steps up support
Chanel dips oar into sport with Oxford-Cambridge boat race tie-up
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 | The UK's energy partner. |
| 0:06.0 | Learn more at equinore. |
| 0:10.0 | At Aquinore. |
| 0:11.0 | The UK. |
| 0:12.0 | Good morning from the Financial Times. Today is Tuesday, October 22nd, and this is your |
| 0:18.6 | F.T. News briefing. All the stimulus measures from Beijing finally seem to be working and Israel is |
| 0:26.9 | expanding its military operation in Lebanon. Plus the F.T.'s Rob Armstrong gets into the mind of the American consumer ahead of the US election. |
| 0:37.0 | Inflation is the shadow that hangs over everything in this election. |
| 0:41.0 | I'm Sonia Hudson and here's the news you need to start your day. Share buybacks on China's biggest exchanges have hit a record high this year. |
| 1:00.3 | About 33 billion dollars in 2024 so far. |
| 1:05.0 | That's more than double last year's total. |
| 1:08.0 | Beijing has been pushing companies to return cash to shareholders to help boost China's stock market. |
| 1:14.1 | It's part of a huge stimulus plan officials have launched |
| 1:17.6 | to rescue the country's struggling economy. |
| 1:21.2 | And it seems to be working. The benchmark CSI 300 index has gone up more than 20% over the past month. |
| 1:29.0 | But the jury's still out on whether the rise and buybacks will solve all of China's economic problems. |
| 1:37.0 | Third quarter GDP data came in at only 4.6% on Friday. |
| 1:42.0 | That's below China's all-important 5% target. Israel launched several airstrikes late on Sunday night against a |
| 1:56.1 | financial institution in Lebanon that is linked to Hezbollah. These attacks |
| 2:01.2 | confirmed Lebanese fears that Israel would expand its offensive beyond just military infrastructure. |
| 2:08.0 | I'm joined now by the F.T.'s Middle East editor Andrew England. |
| 2:12.0 | So Andrew, explain these attacks to me a bit more. |
... |
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