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FT News Briefing

Wednesday, December 5

FT News Briefing

Forhecz Topher

Daily News, News & Politics, News

4.41.3K Ratings

🗓️ 5 December 2018

⏱️ 11 minutes

🧾️ Download transcript

Summary

Wall Street tumbles on trade and growth fears, Thomson Reuters to cut 3,200 jobs and the world's largest container shipping company pledges to cut net carbon emissions to zero. Plus, the FT's Henry Mance walks us through a dramatic day in the UK parliament.  

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Transcript

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0:00.0

The UK's energy partner.

0:06.0

Learn more at equinore.

0:10.0

Good morning.

0:11.0

From the newsroom of the Financial Times.

0:13.0

Today is Wednesday, December 5th, and this is your FT news briefing.

0:17.0

At the start of five days of debate that will set the course our country takes for decades to come. It is worth

0:26.5

taking a moment to reflect on how we got here.

0:30.8

Wendy... Wendy? UK Prime Minister Theresa May suffered a below to her Brexit deal on Tuesday.

0:37.0

The FT's Henry Mance will walk us through the dramatic day in Parliament.

0:41.0

But first, we'll be looking at Wall Street's tumble on trade and growth fears, job cuts

0:46.8

at Reuters, and the world's largest shipping container company pledging to cut net carbon emissions

0:52.3

to zero.

0:53.8

I'm Eric Krupky, and here's the news you need to start your day.

0:59.0

I'm Nicole Bullock, U.S. Equities Correspondent for the Financial Times.

1:03.4

Wall Street fell sharply on Tuesday as renewed concerns about trade tension cast doubts over

1:09.2

the outlook for economic growth around the world.

1:12.4

This was reflected in various barometers around the

1:15.6

financial markets. U.S. stocks had a sharp drop, in particular the Dow Jones Transport Index,

1:22.1

which is seen in the stock market as a gauge of the

1:26.0

economy in particular felt more than 4% in the bond market. The signals were also pointing to concerns about growth.

1:35.0

The yield curve, which is the difference between yields on short-dated and long-dated securities,

1:42.0

flattened, which is the bond market's version of a signal that economic

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