Tuesday, January 1
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 1 January 2019
⏱️ 9 minutes
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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. |
| 0:13.4 | Today is Tuesday January 1st and this is your FT news briefing. |
| 0:17.6 | Happy New Year, I'm Amy Keene. |
| 0:20.6 | Today we'll be looking at the corporate year ahead. |
| 0:25.0 | The F.T.'s Tom Braithwaite is here to tell us what stories and companies he'll be following in 2019. |
| 0:40.0 | I think we were going into 2018 and quite a happy mood from the corporate perspective. In the US, we just had these massive tax cuts, the markets we can remember back then were roaring, |
| 0:47.0 | corporate profits were at a record level, US banks were starting to make money for the first time really after the crisis and the |
| 0:55.8 | tech wave was continuing with the companies racing to a trillion dollars in market capitalization |
| 1:02.4 | which was eventually won by Apple and |
| 1:05.5 | since then it's turned down a bit in mood and profitability and everything seems a lot more |
| 1:11.4 | shaky going into 2019. |
| 1:15.0 | And there are three big stories that we're following. |
| 1:19.0 | The first is Goldman. Goldman Sachs this year has really hit its most difficult period since the financial crisis. |
| 1:40.0 | Lloyd Blankfine after 12 years at the top has handed over to David Solomon, but the real problem |
| 1:46.4 | is it's got criminal investigations underway in Malaysia for its role in the 1MDB scandal. |
| 1:55.0 | Goldman was hired to arrange a 6.5 billion dollar bond sale for 1MDB, |
| 2:02.0 | which is this Malaysian State Investment Fund. |
| 2:05.0 | Goldman did quite well out of that deal. |
| 2:07.3 | It made more than $600 million in fees. |
| 2:10.8 | And a lot of the money went eventually into such things as producing the |
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