US ballot count continues, Ant IPO stalls
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 4 November 2020
⏱️ 10 minutes
🧾️ Download transcript
Summary
The US presidential election appeared to be headed towards prolonged uncertainty as critical battlegrounds continued to count mail-in ballots. The FT’s Peter Spiegel reports on the early morning results, and Andrew Edgecliffe-Johnson explains what it means for business.
Plus, China has suspended the $37bn listing of Ant Group, which had been set to become the world’s largest IPO. Our Asia capital markets correspondent, Hudson Lockett, explains what happened.
Follow the FT’s US election coverage
https://www.ft.com/us-presidential-election-2020
Trump’s corporate trouble: CEOs keep their distance from the party of business
https://www.ft.com/content/f74f00db-decc-4fb2-8c86-e95dd0b0d42e
China halts $37bn Ant Group IPO, citing ‘major issues’
https://www.ft.com/content/c1ee03d4-f22e-4514-af46-2f8423a6842e
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Transcript
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| 0:00.0 | Good morning from the Financial Times. |
| 0:01.7 | Today is Wednesday, November 4th, |
| 0:04.1 | and this is your FT news briefing. |
| 0:08.5 | There's no clear outcome for the U.S. presidential election yet, |
| 0:11.9 | and there might not be one for a bit. |
| 0:15.0 | And as the world waits for results, so are business leaders. |
| 0:18.8 | The close race for the White House and the U.S. Senate will affect the way executives plan for the next four years. |
| 0:24.0 | Plus, Ant's IPO is being held up by China. |
| 0:27.0 | We'll take a look at what it means for the FinTech company. |
| 0:30.0 | I'm Mark Filipino, and here's the news you need to start your day. |
| 0:34.0 | The last polls closed at 11 o'clock at night New York time on Tuesday, but we still don't have a clear picture of whether it'll be four more years of Donald Trump, or if Joe Biden will take the White House. |
| 0:51.0 | And to be clear, we might not know the final outcome for days. Here's what we do |
| 0:55.9 | know. Biden picked up the larger liberal states most people were expecting him to, |
| 0:59.9 | New York, California, Illinois. But Trump, he was in line to win a lot of the states |
| 1:04.8 | that were considered swing states, Florida, Texas, Ohio. |
| 1:08.8 | But ballots were still being tallied even as I speak. |
| 1:12.4 | So what are we waiting on? I'm joined by the |
| 1:14.2 | F.T.'s US managing editor, Peter Spiegel. Peter, which are the key |
| 1:18.7 | states that we're still waiting on? Well it's the states that frankly we had always suspected would be the ones we'd have to wait on. |
| 1:25.1 | It's the big blue wall in the Midwest and mid-Atlantic. |
| 1:29.2 | It's Pennsylvania, Michigan, and Wisconsin. |
| 1:31.5 | And if you remember for 2016, these are the states that Hillary lost by tens of thousands of votes. |
... |
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