Trump cracks down on Los Angeles protests
FT News Briefing
Forhecz Topher
4.4 • 1.2K Ratings
🗓️ 10 June 2025
⏱️ 13 minutes
🧾️ Download transcript
Summary
The head of the operator of the Panama Canal has warned that a $23bn global ports deal could put the waterway’s neutrality mandate at risk, Donald Trump is testing the limits of presidential power by sending troops to Los Angeles, and Warner Bros Discovery will split into two publicly traded companies. Plus, Brazil is hoping to sell its first sovereign debt in the Chinese market to strengthen trade and investment ties.
Mentioned in this podcast:
Panama Canal boss warns MSC ports deal threatens principle of neutrality
Trump administration to deploy hundreds of Marines in Los Angeles
Donald Trump tests limits of presidential authority by sending troops into Los Angeles
Warner Bros Discovery to split its TV and streaming businesses
Brazil plans panda bond as Lula looks to bolster ties with China
Today’s FT News Briefing was produced by Sonja Hutson, Kasia Broussalian, Mischa Frankl-Duval and Marc Filippino. Additional help from Blake Maples, David da Silva and Gavin Kallmann. Our intern is Michaela Seah. 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. Currently, we supply 27% of the UK's gas, |
| 0:07.0 | 15% of its oil, and we're playing our part in the UK's energy transition. In 2023, we invested |
| 0:14.1 | 20% of our global gross spend in renewables and lower carbon solutions. Today, our wind farms power |
| 0:20.0 | 750,000 homes, |
| 0:22.0 | and we expect this to grow to over 7 million UK households. |
| 0:25.7 | We're an energy company searching for better. |
| 0:28.2 | equinore.co.uk. |
| 0:32.5 | Good morning from the Financial Times. |
| 0:34.4 | Today is Tuesday, June 10th, And this is your FT News Briefing. |
| 0:38.6 | A global ports deal could jeopardize the Panama Canal's neutrality. And Brazil is hoping a bond sale |
| 0:45.3 | will strengthen its ties with China. Plus, we look into the gravity of Donald Trump |
| 0:50.4 | deploying the military in Los Angeles. It's a very real and visceral flexing of executive power and one that really drives home that this is the path that the administration is on. |
| 1:03.5 | I'm Mark Filipino, and here's the news you need to start your day. |
| 1:19.9 | I'm a lot of the Panama Canal Authority, Riccarte Vasquez. |
| 1:23.9 | Here's a breakdown of that deal. |
| 1:25.6 | Hong Kong's C.K. Hutchinson sold 43 ports in 23 countries to a |
| 1:30.2 | consortium. That consortium is led by subsidiaries of BlackRock and the Mediterranean shipping |
| 1:35.3 | company, or MSC. Competitors are worried that the sale gives MSC an unfair advantage. |
| 1:43.2 | Vasquez echoed those concerns when he recently spoke to the F.T. |
| 1:46.6 | He said there's a threat to neutrality if there is, quote, a significant level of concentration |
| 1:51.7 | on terminal operators belonging to an integrated or one single shipping company. |
| 1:57.4 | These comments come after repeated threats by U.S. President Donald Trump to, quote, take back the canal. |
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