US housing prices spark officials’ concern
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 22 July 2021
⏱️ 11 minutes
🧾️ Download transcript
Summary
Washington and Berlin have reached a deal to resolve their longstanding dispute over the Nord Stream 2 pipeline, and Brussels has insisted it will not renegotiate the EU’s Brexit deal with the UK after London inflamed tensions by launching a bold push to overhaul Northern Ireland trade rules. Plus, rising housing expenses are quickly emerging as a pivotal indicator for officials at the Federal Reserve, within the Biden administration and among private economists.
EU rejects British plan to rip up Brexit deal with George Parker, political editor
https://www.ft.com/content/13ad8840-a83c-4871-a877-47b7001d839b
US and Germany reach truce over Nord Stream 2 pipeline with Aime Williams, US trade correspondent
https://www.ft.com/content/49210a4e-17ed-4a2e-a986-4efcadc7f342
US housing inflation: the sleeping giant that might tip the Fed’s hand with James Politi, Washington bureau chief
https://www.ft.com/content/efdf1845-6138-4af7-8d2b-c20df9fed218
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Our intern is Zoe Han. Additional help by Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
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Transcript
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| 0:00.0 | Good morning from the Financial Times. |
| 0:01.6 | Today is Thursday, July 22nd. |
| 0:03.8 | And this is your F-T news briefing. |
| 0:05.8 | The US and Germany have reached a truce |
| 0:11.0 | in their dispute over the Nord Stream 2 pipeline |
| 0:13.7 | and US housing costs are rising. |
| 0:16.0 | Well, look at what this means for the inflation debate. |
| 0:18.5 | Plus, the UK wants to overhaul key parts |
| 0:20.6 | of the Brexit trade deal. |
| 0:22.2 | The EU says it's a no-go. |
| 0:24.8 | There's a kind of sort of damacly hanging over this. |
| 0:27.6 | If the UK does, you know, that really suspends |
| 0:29.5 | the Northern Ireland protocol, that will lead to retaliation |
| 0:32.3 | and a real deterioration in the UK, |
| 0:34.3 | EU relationship, which is bad enough already. |
| 0:37.0 | I'm Mark Filipino, and here's the news you need to start your day. |
| 0:48.3 | The US and Germany have reached a truce |
| 0:50.3 | over the Nord Stream 2 pipeline. |
| 0:52.4 | Nord Stream 2 will provide Germany with gas from Russia, |
| 0:55.9 | and the previous US administrations opposed the pipeline |
| 0:59.3 | across the Baltic Sea. |
| 1:00.6 | They saw it as a potential threat to US allies in Europe. |
... |
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