Wall Street gives crypto a chance
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 31 May 2023
⏱️ 11 minutes
🧾️ Download transcript
Summary
China has called for “stable and constructive” ties with the US in a meeting with Elon Musk and some Wall Street companies are building their own digital markets trading platforms to compete with crypto companies. Plus, the FT’s Nicholas Megaw explains why investment funds have become a bigger insider trading risk for US lawmakers than buying shares in a single company.
Mentioned in this podcast:
Wall Street ready to take on established crypto companies
US Congress: how investment funds became the new insider trading risk
China calls for ‘stable’ ties with US in meeting with Elon Musk
Nvidia hits $1tn market cap as chipmaker rides AI wave
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Katie McMurran, 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
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Transcript
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| 0:00.0 | The latest episode of the next five podcasts is all about financing net zero. |
| 0:04.6 | I speak to Tim Gould, Chief Energy Economist at the IEA. |
| 0:07.6 | We're up to $1.7 trillion going into clean energy transition investments this year. |
| 0:13.1 | Nick Standsbury, Head of Climate Solutions at LGIM. |
| 0:15.6 | We need to put a proper price on all greenhouse gas emissions. |
| 0:19.6 | And Eric Werners, SVP and Chief Economist at Equino. |
| 0:23.0 | We have to do these things together. |
| 0:24.7 | Industry cannot do this alone. |
| 0:26.9 | Listen to the Philippa-sode wherever you get your podcasts. |
| 0:29.3 | Enjoy. |
| 0:30.6 | Good morning from the Financial Times. |
| 0:32.2 | Today is Wednesday, May 31. |
| 0:34.4 | And this is your F-T-News briefing. |
| 0:39.3 | Wall Street is taking on the crypto industry. |
| 0:42.3 | And Elon Musk is in China to strengthen ties with the government. |
| 0:46.6 | Plus, in the US, investment funds have become the new insider trading risk for lawmakers. |
| 0:53.6 | I'm Mark Filipino, and here's the news you need to start your day. |
| 1:04.4 | Elon Musk met with China's foreign minister yesterday, |
| 1:07.4 | as political tensions between Washington and Beijing are hurting economic ties. |
| 1:12.4 | Beijing is crucial to Musk's car company, Tesla. |
| 1:15.9 | China is its biggest market outside the US, |
| 1:18.9 | and the country is critical to Tesla's supply chain. |
... |
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