Trump’s second chapter begins
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 7 November 2024
⏱️ 12 minutes
🧾️ Download transcript
Summary
Wall Street stocks hit a record high but investors dumped bonds after Donald Trump’s historic US election victory, and the FT’s Lauren Fedor explains what to expect from his agenda. In Europe, leaders have vowed to preserve a united front and work with Trump, and export-reliant economies across the world brace for his promised tariff increases.
Mentioned in this podcast:
US stocks hit record high after Donald Trump clinches victory
Donald Trump elected US president in historic comeback
Donald Trump unleashed: what a second term will bring
European leaders vow to work with Donald Trump despite fears
Global economy prepares for the Trump ‘macro shock’
Trump’s tariff obsession is worse than before
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 FT News Briefing is supported by Equinoor, the UK's energy partner. |
| 0:06.5 | Learn more at equinore.com.uk. |
| 0:12.3 | Good morning from the Financial Times. |
| 0:15.0 | Today is Thursday, November 7th, and this is your FT News briefing. |
| 0:19.9 | Donald Trump has scored an overwhelming victory. |
| 0:23.5 | The FTs Lauren Fedor breaks down how it happened. |
| 0:26.8 | He was able to run up his margins, improve his performance across several demographic groups. |
| 0:33.1 | And the stock market had a field day after Trump's win. |
| 0:37.2 | Plus, we look at how his second term could splinter global trade even further. |
| 0:42.5 | I'm Sonia Hudson, and here's the news you need to start your day. |
| 0:57.7 | Thank you very much. Wow. Thank you very much. Wow. |
| 1:05.1 | Donald Trump's win in Tuesday's U.S. election is a stunning political comeback. Nothing like this. I want to thank the American people for the extraordinary honor of being elected your 47th president and |
| 1:14.3 | your 45th president. It also marks a new era for America. This was a movement like nobody's ever |
| 1:21.6 | seen before. Here to unpack the results and what direction the country might be headed in is the |
| 1:26.8 | FT's Lauren Fidor. |
| 1:28.1 | Hi, Lauren. Hi, Sonia. So based on some of the vote tallies, what really broke Trump and the |
| 1:34.5 | Republicans' way in this election? Look, the reality is a lot of things broke their way. It wasn't one |
| 1:41.1 | single demographic group at the end of the day. He was able to run up his margins, improve his performance across several demographic groups, ages, races, genders. One of the most striking examples, I would say, is that he was able to run up his numbers with Latino voters in particular, improving by double digits. |
| 2:01.9 | That is a huge shift and, you know, a huge shift in a group of Americans who are the fastest growing in the U.S. |
| 2:09.8 | And now, conversely, what hurt Kamala Harris and the Democrats? |
| 2:14.7 | Look, what did James Carville say? It's the economy stupid. |
| 2:18.6 | Obviously, there were multiple issues at play, but the economy kind of ruled the Democrats. Look, what did James Carville say? It's the economy stupid. Obviously, there were multiple issues at play, but the economy kind of ruled the day. And enough voters believed that they |
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