US companies endure tariff whiplash
FT News Briefing
Forhecz Topher
4.4 • 1.2K Ratings
🗓️ 5 February 2025
⏱️ 12 minutes
🧾️ Download transcript
Summary
Alphabet’s cloud services missed growth expectations last quarter, American companies are scrambling to protect their supply chains in the face of all the back and forth on tariffs, and China is hitting back at the US for imposing new levies. Plus, India is set for a blockbuster IPO year – even as the economy weakens.
Mentioned in this podcast:
Google parent Alphabet slides after sales miss Wall Street estimates
China targets Google, Nvidia and Intel as Trump tariffs bite
China hits back with limited response to Donald Trump’s tariffs
India set for blockbuster IPO year despite slowing economic growth
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. 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 | We're Equinor, an energy company searching for better. |
| 0:03.0 | Currently, we supply 27% of the UK's gas, 15% of its oil, |
| 0:07.7 | and we're playing our part in the UK's energy transition. |
| 0:11.0 | Our wind farms power 750,000 homes, |
| 0:14.0 | and we expect that to grow to over 7 million. |
| 0:16.5 | Last year, we invested 20% of our global growth spend in renewables |
| 0:20.1 | and lower carbon solutions. |
| 0:22.0 | We plan to increase that to 50% by 2030. |
| 0:25.4 | We're an energy company searching for better. |
| 0:28.4 | Equinoor.co.uk. |
| 0:33.2 | Good morning from the Financial Times. |
| 0:36.0 | Today is Wednesday, February 5th, and this is your FT News Briefing. |
| 0:41.4 | The ABCs of Alphabet's earnings report left a lot to be desired. And the threat of U.S. tariffs is giving companies a headache. |
| 0:53.0 | Plus, can India's IPO market keep up the momentum? |
| 0:57.4 | I'm Sonia Hudson, and here's the news you need to start your day. |
| 1:22.9 | Thank you. Google's parent company Alphabet reported fourth quarter earnings yesterday, and things were not pretty. |
| 1:33.3 | Revenues for the tech giant rose last quarter, but they missed Wall Street's revenue expectations by about a billion dollars. Cloud revenue fell short by about $200 million. |
| 1:38.3 | It's been a bad couple of days for cloud services. |
| 1:42.3 | Last week, Microsoft reported that its service had slower growth than |
| 1:46.6 | expected, too. Investors were pretty caught off guard by Alphabet's miss. The company's share |
| 1:52.9 | price fell about 7% in after hours trading yesterday. It has been a wild few days for corporate America, thanks to Donald Trump's unpredictable trade war. |
| 2:12.0 | From tequila makers and meat packers to surgical equipment manufacturers, a lot of U.S. companies have been scrambling |
... |
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