Trump reverses on TikTok, WTO candidates on judicial system, oil earnings
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 4 August 2020
⏱️ 10 minutes
🧾️ Download transcript
Summary
US President Donald Trump reversed course and dropped his opposition to Microsoft’s bid for TikTok, two leading candidates to head the World Trade Organization say US legal criticisms over dispute resolution are valid, and foreign aid groups combatting the coronavirus pandemic in North Korea have been forced to borrow money from its government. Plus, the FT's senior energy correspondent, Anjli Raval, tells us how oil companies are surviving the pandemic shock.
Register for the Energy Source talk, “Profit and Power in the Energy Industry”
Trump drops opposition to Microsoft bid for TikTok
http://ft.com/content/a1162b60-977d-400c-9758-edc4aa006f72?
Leading WTO candidates back US bid for dispute system reforms
ft.com/content/f4830e2b-df7b-474a-8104-6336992ca193
Aid groups borrow money from N. Korea in coronavirus fight
ft.com/content/057ec3d5-77ba-4db3-a1cc-1b2e60617094?edit=true
Shell and Total escape underlying losses on strong oil trading
https://www.ft.com/content/5df3596c-6b42-4270-85c4-c10834e80975
Hosted on Acast. See acast.com/privacy for more information.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Good morning from the Financial Times. |
| 0:02.0 | Today is Tuesday, August 4th, |
| 0:04.0 | and this is your FT news briefing. |
| 0:08.0 | President Trump now says he's okay with Microsoft buying Tik-T-T, but he wants the US government to get a cut. |
| 0:15.5 | The US also has a problem with how the World Trade Organization handles legal disputes, |
| 0:20.1 | and the leading candidates for Director General say America has a point. |
| 0:24.8 | And why are foreign aid groups in North Korea borrowing money from Kim Jong-un's government? |
| 0:30.8 | Plus we now have the numbers showing just how bad the pandemic has been for oil companies. |
| 0:35.0 | So what comes next? |
| 0:37.0 | I'm Mark Filipino, and here's the news you need to start your day. It was just a few days ago that Donald Trump said he would block Tik-Toc in the |
| 0:49.8 | U.S. and block any American company from buying it. |
| 0:53.0 | But yesterday, the US president abruptly changed his mind. |
| 0:57.0 | I don't mind if, whether it's Microsoft or somebody else, a big company, a secure company, very American company by it. |
| 1:05.0 | But he added a deadline of sorts, saying Bight Dance, the company that owns Tik-Toc, |
| 1:09.6 | must sell its Western operations by September 15th or thereabouts. |
| 1:14.0 | And it has to be bought by an American company. |
| 1:16.6 | Otherwise, he said the app would be banned in the US. |
| 1:19.9 | And Mr. Trump added another curveball. |
| 1:22.1 | He said the US government should get a cut of the sale price. |
| 1:25.2 | The rationale is that since Washington would allow Tik-Tok to continue operating in the country, |
| 1:30.0 | it deserves a peace. |
| 1:31.6 | It's unclear how or why the Treasury would be paid given this would be a private sector deal, |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Forhecz Topher, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Forhecz Topher and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.