UAW strike kicks off new era for US labour
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 15 December 2023
⏱️ 12 minutes
🧾️ Download transcript
Summary
Central banks are charting different courses for interest rates in 2024, and EU leaders have agreed to officially start accession talks with Ukraine. Plus, for US union leader Shawn Fain, the historic auto workers strike is only the beginning.
Mentioned in this podcast:
EU leaders agree to start accession talks with Ukraine
Stocks and bonds surge as Jay Powell comments fuel bets on interest rate cuts
ECB keeps rate on hold but lowers inflation forecast
Andrew Bailey warns ‘still some way to go’ as BoE holds rates at 5.25%
The unexpected revival of America’s trade unions
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. 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 UK's energy partner. |
| 0:06.0 | Learn more at equinore. |
| 0:10.0 | Good morning from the Financial Times. Today is Friday, December 15th, and this is your |
| 0:17.1 | F.T. news briefing. Ukraine got a big win from the EU yesterday, and Central banks are starting to send mixed |
| 0:25.8 | signals. |
| 0:26.8 | Plus, for U.S. union leader Sean Fain, the historic autoworker strike is only the beginning. |
| 0:33.2 | By encouraging everyone to line up their contract expiration dates, |
| 0:39.2 | that is laying the groundwork for potentially sweeping labor action on May Day 2028. |
| 0:47.0 | I'm Josh Garadouillon in for Mark Filipino and here's the news you need to start the block. |
| 1:13.0 | Hungary's Prime Minister Victor Orbán has been the only holdout, |
| 1:17.0 | but he dropped his opposition yesterday. |
| 1:19.0 | The agreement is a big milestone for Ukraine's quest to join the EU after its war with Russia is over. |
| 1:25.0 | And it comes at a critical time for the war-torn country. |
| 1:29.0 | The EU has struggled to approve a 50 billion euro funding package for Kyiv and support from Washington is still being held up in Congress. Both the Bank of England and the European Central Bank announced yesterday that they're |
| 1:47.3 | holding interest rates steady. |
| 1:49.2 | It's a sign that there are still lingering concerns over inflation. |
| 1:52.3 | Meanwhile, the US Federal Reserve signals it was open to lowering rates in an announcement |
| 1:56.2 | made earlier this week. |
| 1:58.4 | Here to talk with me now is Katie Martin, EFTs markets editor. |
| 2:01.8 | Hello Katie. Hey, how you doing? Good okay so to start what do we know |
| 2:06.4 | about Central Bank's attitudes right now? We know a lot more than we did a few days ago and |
| 2:10.9 | we're seeing some big gaps opening up between how different |
... |
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