President Joe Biden heads to Wisconsin to sell his stimulus plan, and the cold snap in Texas tests the state’s freewheeling electricity model. The pandemic’s online shopping surge has led to more warehouse automation, but that is making some human jobs tougher. Plus, Russian discount retailer Fix Price is planning a London stock market listing that could value the company at more than $6bn.
Biden steps up stimulus pitch in bid to seal deal with Congress https://www.ft.com/content/1c172f12-87c0-4fda-82f2-40954d36b3f8
Texas starts blackouts as frigid weather sends power prices surging https://www.ft.com/content/4d07eedc-b3ec-417e-8cb1-5895178c9f9b
Why I was wrong to be optimistic about robots https://www.ft.com/content/087fce16-3924-4348-8390-235b435c53b2
Russian discount retailer aims to raise $1bn in London IPO https://www.ft.com/content/f8f68d4a-42b3-4c75-80ec-545b7d47831f Hosted on Acast. See acast.com/privacy for more information.

Biden’s stimulus push, Texas blackouts, warehouse automation

A rundown of the most important global business stories you need to know for the coming day, from the newsroom of the Financial Times. Available every weekday morning. Hosted on Acast. See acast.com/privacy for more information.

News & Politics

News

Daily News

Iran is exporting more oil than at any time for the past six years, EU leaders are debating whether to unify the bloc’s fragmented capital markets, and the IMF warns that the US’s massive fiscal deficit poses significant risks to global markets. Plus, artificial intelligence needs an abundance of electricity to run, but the world is struggling to generate it.
Mentioned in this podcast: Iran oil exports hit 6-year high as west prepares sanctions Majority of EU states object to capital markets reform push US deficit poses ‘significant risks’ to global economy, warns IMF Booming AI demand threatens global electricity supply
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Cara Shillenn, Denise Guerra, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. 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.

AI’s electricity problem

Andreessen Horowitz hauls in one of the largest funds since the downturn in the tech sector, stocks from China’s state-owned enterprises are faring well compared with the wider market, and the IMF says that the US is on track to grow at double the rate of any other G7 country this year. Plus, a full-scale conflict has depleted Ukrainian defences. Israel could face a similar plight despite the weekend’s successful interceptions.
Mentioned in this podcast: Andreessen Horowitz raises $7.2bn and sets sights on AI start-ups Beijing reforms unloved state-owned enterprises to win back investors US to grow at double the rate of G7 peers this year, says IMF Ukraine’s air defence struggle shows risks to Israel
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Katya Kumkova, Josh Gabert-Doyon, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. 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.

A glow-up for China’s state-owned enterprises

Goldman Sachs surpasses profit estimates by almost $1bn, CVC’s revived listing plan follows years of internal discord over whether the PE firm should go public, and Tesla is laying off 10% of its global workforce. Plus, the FT’s Michael Stott explains why the Darién Gap has become an important migration route for people heading towards the US.
Mentioned in this podcast:  Goldman Sachs traders help fuel 28% profit increase Goldman Sachs knows what fits it best — plenty of deals CVC’s tortuous path to an IPO Tesla to cut 10% of global workforce The migrant highway that could sway the US election
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Denise Guerra, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. 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.

CVC hopes third time’s the charm

US lawmakers face new pressure to approve military aid for Israel, and Tianqi Lithium’s strategy is at risk as Chilean President Gabriel Boric’s government works to take back control of resources. Plus, depositors put pressure on big US banks.
Mentioned in this podcast: Net interest income may have peaked for Wall Street banks China’s Tianqi Lithium’s $4bn bet on Chile at risk of backfiring Israel weighs response to unprecedented attack by Iran Pressure mounts on US lawmakers to approve new aid for Israel Credit: NBC 
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Josh Gabert-Doyon, Denise Guerra, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. 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.

Israel debates retaliation against Iran

Donald Trump championed the reversal of Roe vs Wade. He even called himself the “most pro-life president” in US history. But with voters outraged by abortion restrictions, Trump and other Republicans are staking out a new position on the issue. The FT’s global business columnist, Rana Foroohar, and Washington bureau chief, James Politi, join to explain why.
Mentioned in this podcast: Arizona court bans almost all abortions in Trump-Biden swing state Donald Trump says abortion law should be left to states Sign up for the FT’s Swamp Notes newsletter here Tell us what you’re thinking about the US election!  
Swamp Notes is produced by Ethan Plotkin, Sonja Hutson, Lauren Fedor and Marc Filippino. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson. 
CREDIT: Forbes Breaking News
Read a transcript of this episode on FT.com  Hosted on Acast. See acast.com/privacy for more information.

Biden’s stimulus push, Texas blackouts, warehouse automation

Download our free app to listen on your phone