Wednesday, October 16

FT News Briefing

Forhecz Topher

News, Daily News, News & Politics

4.4 • 1.3K Ratings

🗓️ 16 October 2019

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

The US House of Representatives passed an act voicing strong support for Hong Kong pro-democracy protesters, and Boris Johnson was on Tuesday night locked in a race against time to secure a Brexit deal. Plus, the IMF slashes global growth forecasts, Rudy Giuliani refuses to comply with a congressional subpoena that is part of the impeachment inquiry investigating Donald Trump, and the price of WeWork’s bonds dropped to new lows on Tuesday. Then, the FT’s Laura Noonan tells us why some bankers are still optimistic about the IPO market, even after WeWork’s failed attempt to go public.

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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 from the newsroom of the Financial Times.
0:12.0	Today is Wednesday, October 16th. Good morning from the newsroom of the Financial Times.
0:12.6	Today is Wednesday, October 16th,
0:15.4	and this is your FT news briefing.
0:18.8	The US House of Representatives
0:20.5	has taken a big step to back protesters in Hong Kong and UK Prime Minister Boris Johnson was locked in a race against time Tuesday night to secure a Brexit deal.
0:31.0	Plus the F.T.'s Laura Noonan explains why despite a spate of
0:35.2	I. P. failures investment banks are still bullish about the market. I'm Mark
0:40.5	Filipino and here's the news you need to start your day.
0:46.6	Boris Johnson went late into Tuesday night haggling on Brexit as he met the leader of
0:50.9	Northern Ireland's Democratic Unionist Party.
0:54.1	The price, a big cash payment for the region to secure the party support for a potential
0:58.7	deal.
0:59.7	A source told the FT that the figure was in the billions of pounds. The British Prime Minister also held a series of meetings with Conservative Eurosceptic
1:08.0	MPs as well as the DUP.
1:10.7	It was all in an effort to get them to accept a deal that would impose customs checks on goods entering Northern Ireland.
1:17.0	On Tuesday, EU officials warned Mr. Johnson that unless he made new concessions, he would have to accept an extension to his October 31st deadline.
1:25.7	The EU wants to make sure any custom system in Northern Ireland is resistant to fraud and smuggling.
1:31.2	Meanwhile, Mr Johnson is hoping to minimize just how far Northern Ireland
1:35.0	is cut off from the rest of the UK.
	...

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