Tuesday, November 26

FT News Briefing

Forhecz Topher

News, Daily News, News & Politics

4.4 • 1.3K Ratings

🗓️ 26 November 2019

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Companies unleash a wave of global takeovers, agreeing to more than $70bn in deals, famed investor Bill Gross warns that US stock and bond markets are set for a tougher time in 2020, a judge rules that Donald Trump cannot stop his most senior advisers testifying to Congress and revised official data show that Mexico’s economy has entered a technical recession. Plus, Uber has been stripped of its London licence. The FT’s Tim Bradshaw explains what it means for the ride-sharing company.

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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, November 26th. Good morning from the newsroom of the Financial Times.
0:12.6	Today is Tuesday, November 26th,
0:15.2	and this is your FT news briefing.
0:18.7	70 billion dollars worth of deals were agreed on Monday,
0:22.3	adding to the deal-making boom, while Bill Gross
0:24.8	warns that markets are in for a rough ride next year.
0:28.8	And the Mexican economy enters a technical recession.
0:31.8	Plus, we'll take a look at why London says Uber is not, quote,
0:36.1	fit and proper to operate. I'm Mark Filipino and here's the news you need to start your day.
0:45.6	Over the past few days, we've reported on some big corporate tie-ups,
0:49.7	Charles Schwab and TD Ameritrade,
0:52.2	LVMH and Tiffany's. Well on Monday these deals and a few others
0:57.2	were agreed to the tune of more than 70 billion dollars. It's all happened as big multinational companies target a booming U.S. market and look for new
1:06.9	ways to grow.
1:09.0	Charles Schwab locked down its bid for TD Ameritrade for $20 billion.
1:13.6	Jeweler Tiffany agreed to a $16.6 billion offer from LVMH.
1:19.0	In a deal worth almost $10 billion, Swiss Drug Company Novartis acquired a biotech group the
1:24.7	medicines company and that's just the top three. So why are these deals
1:30.6	happening right now? Well for one thing fears over a recession are
	...

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