Trump concedes election, stock markets ignore political chaos, Boeing’s 737 Max settlement

FT News Briefing

Forhecz Topher

News, Unknown, News & Politics, Daily News

4.4 • 1.2K Ratings

🗓️ 8 January 2021

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

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Summary

President Trump concedes power for the first time and calls for an orderly transition: the FT’s US managing editor Peter Spiegel looks at how Joe Biden can unite a divided nation; global markets have continued rising despite the chaos in Washington; Boeing agrees to pay $2.5bn to resolve a criminal charge stemming from the 737 Max crashes; and counter-culture icon Neil Young cashes in on the music streaming boom.

Democratic leaders call on Pence to force Trump from White House

https://www.ft.com/content/cecab0e3-ddb6-40fa-a78b-1d98fb3f7759

Boeing to pay $2.5bn to resolve criminal case over 737 Max crashes

https://www.ft.com/content/1e64a9ea-4659-4513-b82f-0a4b5e7cae1c

Blue sweep of Congress will add pressure to weak dollar, analysts say

https://www.ft.com/content/9e58d2fb-37c5-432e-b4c6-dcf862d43b7d

Neil Young joins music rights gold rush after striking Hipgnosis deal

https://www.ft.com/content/dd67a2ab-d6e1-4334-ae45-ef1bf65f1e82

Review clip: Silver Fiddle Music, Hipgnosis

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Transcript

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0:00.0	Good morning from the Financial Times.
0:01.6	Today is Friday, January 8th, and this is your FT news briefing.
0:08.8	President Trump conceded the election for the first time last night,
0:12.4	but Joe Biden has his work cut out for
0:15.0	him when he takes office in less than two weeks. Boeing reached a settlement
0:19.4	with the U.S. Department of Justice, plus activist, singer, and songwriter Neil Young is cashing in on the music streaming
0:26.4	boom. I'm Mark Filipino, and here's the news you need to start your day. After growing calls for Donald Trump to be removed from office,
0:43.6	the White House last night released a recorded video of the President
0:46.9	condemning Wednesday's mob attack on the U.S. Capitol building.
0:50.4	The video was posted on YouTube and the President's Twitter account, which had been temporarily locked.
0:56.0	Like all Americans, I am outraged by the violence, lawlessness, and mayhem.
1:02.0	And after claiming for months that the election was stolen
1:04.8	Trump last night made no mention of election fraud. I continue to strongly believe
1:10.2	that we must reform our election laws to verify the identity and
1:15.2	eligibility of all voters and to ensure faith and confidence in all future
1:21.2	elections. Now Congress has certified the results. A new administration
1:26.4	will be inaugurated on January 20th. My focus now turns to ensuring a smooth, orderly,
1:32.3	and seamless transition of power.
1:35.0	Trump did not mention Joe Biden's name.
1:38.0	The President-elect earlier in the day had this to say about the attack on the Capitol.
1:42.0	What we witnessed yesterday was not dissent, it was not disorder, it was not protest, it was chaos.
1:51.0	And when he takes office on January 20th,
	...

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