UK leaders court US investors
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 5 August 2024
⏱️ 11 minutes
🧾️ Download transcript
Summary
UK chancellor Rachel Reeves begins a three-day visit to New York and Toronto on Monday in an attempt to sell Britain as “a stable place to do business,” asset managers fret as high-yield savings and caution over market volatility have left up to $1.5tn out of the market, commodity bulls’ dash for the exit sends prices tumbling.
Mentioned in this podcast:
UK chancellor to court investors in visit to New York
EU capitals set to back tariffs on Chinese electric cars, trade chief says
Commodity bulls’ dash for the exit sends prices tumbling
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Jess Smith, Denise Guerra, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. 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
Hosted on Acast. See acast.com/privacy for more information.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | The UK's energy partner. |
| 0:06.0 | Learn more at equinore. |
| 0:10.0 | At Aquinore. UK. Good morning from the Financial Times. Today is Monday, August 5th, and this is your |
| 0:17.8 | FT news briefing. Britain's Chancellor is visiting the U.S. and Canada today on a mission to market her country. |
| 0:26.0 | Asset managers are vexed by all the cash idling and money market funds. |
| 0:31.0 | Asset managers really want people to be bullish. |
| 0:35.0 | And we'll tell you why commodity prices are falling sharply. |
| 0:39.0 | I'm Jess Smith, and here's the news you need to start your day. UK Chancellor Rachel Reeves starts a three day visit to New York and Toronto today. |
| 1:01.8 | She's on this side of the Atlantic to sell Britain as a stable |
| 1:04.8 | place to do business. The new Labour Party government wants to reset its |
| 1:09.1 | relationship with trading partners after years of political and economic turmoil. |
| 1:14.9 | But Reeves timing isn't ideal. |
| 1:17.2 | Her visit comes after days of violent attacks by far right and anti-immigrant extremists in many UK cities. |
| 1:25.0 | U.S. stock markets open today after sharp sell-offs last week across the globe. |
| 1:36.4 | Maybe one more reason for stock investors to play it safe. |
| 1:39.7 | But investors have been playing it safe, so safe there's now a record 6.1 trillion |
| 1:45.7 | dollars of cash parked in US money market funds. That has asset managers pulling |
| 1:51.2 | their hair in frustration. |
| 1:53.0 | Our U.S. investment correspondent Madison Darby Shur has been reporting on this and she joins me now. |
| 1:57.8 | Hi, Madison. |
| 1:58.8 | Hi, Jess, how are you doing? |
| 2:00.8 | I'm doing well, thanks. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Forhecz Topher, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Forhecz Topher and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.