Turkey after the PKK
FT News Briefing
Forhecz Topher
4.4 • 1.2K Ratings
🗓️ 15 May 2025
⏱️ 12 minutes
🧾️ Download transcript
Summary
CoreWeave reported a 420% rise in revenue in its first quarter as a listed company and the furious rally in US assets has caught big investors off guard. Plus, the Kurdistan Workers’ party, the militant group that has been in conflict with the Turkish state for more than 40 years, said it would disband.
Note: This episode has been edited from its original version to remove an incorrect segment.
Mentioned in this podcast:
CoreWeave beats estimates in first results as a listed company
Wall Street’s sudden rebound catches investors ‘offside’
Kurdish militant group PKK says it will disband and end Turkey conflict
Today’s FT News Briefing was produced by Sonja Hutson, Kasia Broussalian, Lulu Smyth, and Marc Filippino. Additional help from Sam Giovinco, and Michael Lello. Topher Forhecz is the FT’s acting co-head of audio. The show’s theme song is by Metaphor Music.
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Transcript
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| 0:00.0 | We're Equinor, an energy company searching for better. Currently, we supply 27% of the UK's gas, |
| 0:07.0 | 15% of its oil, and we're playing our part in the UK's energy transition. In 2023, we invested |
| 0:14.1 | 20% of our global gross spend in renewables and lower carbon solutions. Today, our wind farms power |
| 0:20.0 | 750,000 homes, |
| 0:22.0 | and we expect this to grow to over 7 million UK households. |
| 0:25.7 | We're an energy company searching for better. |
| 0:28.2 | Equinore.co.uk. |
| 0:33.2 | Good morning from the Financial Times. |
| 0:35.2 | Today is Thursday, May 15th. |
| 0:37.2 | This is your FT News briefing. |
| 0:39.5 | The U.S. market rally actually hurt some investors. |
| 0:43.9 | Plus, a major militant group in Turkey is disbanding. |
| 0:48.1 | I'm Mark Filipino, and here's the news you need to start your day. |
| 1:03.8 | Some investors on Wall Street have been caught off guard by the market rebound. |
| 1:08.6 | They'd been betting against the U.S. dollar and equity since the markets first took a tumble in early April. That's when President Donald Trump announced his so-called Liberation Day tariffs. |
| 1:14.2 | Now, after China and the U.S. de-escalated trade tensions earlier this week, that decision has come back to bite them. |
| 1:21.4 | Kate Dugood is the FTs' U.S. market's editor and has been reporting on this. |
| 1:24.7 | Hey, Kate. |
| 1:25.7 | Hi. |
| 1:27.0 | So, Kate, give me a few more details here. |
| 1:28.9 | How were some investors caught flat-footed? |
| 1:32.0 | After President Trump announced the tariffs on April 2nd, the market went into overdrive |
... |
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