Wednesday, October 9

FT News Briefing

Forhecz Topher

News, Daily News, News & Politics

4.4 • 1.3K Ratings

🗓️ 9 October 2019

⏱️ 11 minutes

🔗️ Recording | iTunes | RSS

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Summary

US stocks staged a late-session sell-off on Tuesday after the Trump administration ratcheted up pressure on China ahead of trade talks after it imposed visa restrictions on individuals, at least 50 conservative UK MPs threaten to revolt against a general election manifesto that pledges to pursue a no-deal Brexit, and the White House has declared that it will not co-operate with the inquiry into an impeachment of Donald Trump. Plus, the FT’s Kiran Stacey explains how the US standoff with China now sees it encouraging investment in Huawei rivals in Europe.

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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 9th. Good morning from the newsroom of the Financial Times.
0:12.6	Today is Wednesday, October 9th, and this is your FT news briefing.
0:18.6	U.S. stocks staged a late session sell-off on Tuesday.
0:22.4	Conservatives face a split if a-off on Tuesday.
0:22.6	Conservatives face a split if a no-deal Brexit pledge emerges in the next UK general election,
0:28.6	and the White House says it won't cooperate in an ongoing impeachment inquiry.
0:33.0	Plus, why is the Trump administration encouraging investment in European telecoms companies
0:38.0	such as Nokia and Ericsson?
0:40.0	The FT's Kirren Stacy explains.
0:43.0	I'm Mark Filipino, and here's the news you need to start your day.
0:48.0	U.S. stocks suffered some big losses on Tuesday thanks to rising tensions between the U.S. and China.
0:56.0	But news out of the Federal Reserve and Brexit concerns didn't help either.
1:00.0	The NASDAQ composite index shed 1.7 percent and the S&P 500 wasn't
1:06.2	far behind dropping 1.6 percent. The market dive came as the Trump administration imposed
1:12.1	visa restrictions on Chinese government
1:14.2	officials involved in the mass interment of Uyghurs. About a million people in
1:18.7	Xinjiang have been subject to extrajudicial detention in recent years.
1:23.2	The move comes as U.S. China Trade Talks are scheduled to resume on Thursday.
1:27.5	More on that in a little bit.
	...

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