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FT News Briefing

US midterms countdown: the GOP courts Hispanic voters

FT News Briefing

Forhecz Topher

News, Daily News, News & Politics

4.41.3K Ratings

🗓️ 27 October 2022

⏱️ 10 minutes

🧾️ Download transcript

Summary

The International Energy Agency says the world’s fossil fuel consumption will peak at the end of this decade, and US GDP is expected to have increased in the third quarter. Plus, the FT News Briefing’s Sonja Hutson takes us to Pennsylvania, one of the many places where Republicans are making a play for Hispanic voters. 


Mentioned in this podcast:

US GDP expected to have rebounded in the third quarter

IEA forecasts fossil fuel demand will peak this decade

Democrats fear loss in Nevada as Hispanic voters turn to Republicans

FT Podcast listener survey 


The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. 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 FT News Briefing is supported by Equinole, the UK's energy partner.

0:06.3

Learn more at equinole.co.uk

0:09.8

Good morning from the Financial Times.

0:11.3

Today is Thursday, October 27th, and this is your FT News Briefing.

0:18.6

A global energy expert sees a peak in fossil fuel demand by the end of the decade,

0:24.0

and the US economy is still going strong.

0:27.4

Plus, in our US midterm election series, we're going to go to Pennsylvania

0:31.1

to look at how the Republican Party is making a grab for the fastest-growing voter demographic.

0:41.5

I'm Mark Filipino, and here's the news you need to start today.

0:44.0

The head of the International Energy Agency says Russia's invasion of Ukraine will accelerate

0:58.4

a shift away from fossil fuels. Fatih Barol told the Financial Times he expects fossil fuels,

1:04.3

including gas to reach peak demand by the end of the decade.

1:07.8

Barol said governments are changing policies, and part to counter the fallout from Russia's

1:12.5

decision to weaponize its gas supplies. He says by 2030, he expects investments in clean energy

1:18.5

to rise to $2 trillion a year. It's more than double the amount invested annually in fossil fuels today.

1:30.8

The US Commerce Department is out today with the latest numbers on gross domestic product,

1:35.2

or GDP. A Bloomberg consensus forecast shows that third quarter GDP grew by 2.3 percent

1:42.0

year on year. That's after contracting in the first two quarters of the year, which many folks

1:47.1

consider a technical recession. The FT's Colby Smith has more.

1:51.6

So, these data points show that the economy really is on strong footing. One of the things we have

1:57.4

to keep in mind is the fact that it takes quite a long time for the actions that the Fed undertakes

2:03.8

to have an effect on the real economy. So, even if things look good today, it doesn't necessarily

...

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