Tuesday, December 17

FT News Briefing

Forhecz Topher

Daily News, News & Politics, News

4.4 • 1.3K Ratings

🗓️ 17 December 2019

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Global stocks hit fresh record highs on Monday as the US and China hit pause on the long-running trade war, while Mexico and the US resolve a row over the enforcement of labour provisions in the USMCA trade pact, Netflix reveals how quickly it is growing outside of the US and Boeing plans to temporarily suspend production of the 737 Max in January. Plus, the FT’s Kiran Stacey explains why US technology companies are pushing back on a call from the Trump administration to cut Huawei out of their supply chains.

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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	Good morning from the newsroom of the Financial Times.
0:12.0	Today is Tuesday, December 17th. Good morning from the newsroom of the Financial Times.
0:12.8	Today is Tuesday, December 17th,
0:15.4	and this is your FT news briefing.
0:18.8	Global markets rallied on Monday
0:20.6	as some of the year's biggest economic uncertainties ease.
0:24.2	The US and Mexico resolve a final row over their new trade deal with Canada.
0:29.3	Netflix tries to reassure investors with a look at its subscriber numbers by region for the first time,
0:36.0	and come January, Boeing will suspend the production of its 737 max jet.
0:42.0	Plus the F.T.'s Kirren Stacy explains why U.S. companies are now resisting
0:46.1	pressure from the Trump administration when it comes to the Chinese Telecoms Group,
0:50.5	Huawei. I'm Mark Filipino, and here's the news you need to start your day.
0:58.8	Global stocks hit new highs on Monday as investors cheered a pause on the long-running trade war between the US and China.
1:06.0	The S&P 500, Dow Jones, and Nasdac all climbed to record highs, as did Europe's stocks 600 index.
1:15.1	The S&P was on track to have its best year since 2013.
1:19.5	Earlier in the day, London's benchmark footsy 100 jumped more than 2%.
1:24.4	It was the second straight day of gains in the UK after the Conservatives won big in last week's
1:29.2	general election.
1:31.1	Monday's move was its biggest percentage gain since 2016.
1:35.0	Meanwhile officials in Washington were smoothing out another trade pact on Monday.
	...

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