FT News Briefing

It’s been a dreadful night for Labour as council seats across the country have turned from red to turquoise. The Conservatives have not fared much better with Reform UK the big winner so far. With results still coming in, host Lucy Fisher discusses the fracturing of the vote and the future for beleaguered Prime Minister Sir Keir Starmer with the FT’s deputy political editor Jim Pickard, Northern England correspondent Jen Williams and political columnist Stephen Bush.

Have a question for the panel? We’re planning a question and answer episode on Monday May 11. Email your questions to [email protected]
Follow Lucy on X: @LOS_Fisher, and Bluesky: @lucyfisher.ft.com; Jim @PickardJE; Stephen @stephenkb & @stephenkb.bsky.social and Jen @JenWilliamsMEN and @jenwilliamsft.bsky.social

Want more?
UK elections: Labour suffers heavy losses as Reform surges
Four things we learnt in the UK elections
Scale of defeat should shake ‘big two’ parties into serious action
Keir Starmer defies calls to quit after heavy Labour council losses
UK local and devolved elections: Hour-by-hour guide to key results
In Labour’s bleak moment, Andy Burnham relishes his own

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Presented by Lucy Fisher. Produced by Clare Williamson. Manuela Saragosa is the executive producer. Original music and mix by Breen Turner. The broadcast engineers were Andrew Giorgiades and Petros Gioumpasis. Cheryl Brumley is the FT’s global head of Audio.

Hosted on Acast. See acast.com/privacy for more information.

Big Tech groups are expected to generate the smallest amount of cash in more than a decade this year, and investors are dumping Indian assets. Plus, GameStop CEO Ryan Cohen, has set his sights on his next project: a huge leveraged buyout of eBay.

Mentioned in this podcast:
Big Tech’s $725bn AI spending spree sends cash flows to decade low
Investors dump Indian assets as energy shock sends rupee sliding
Can the meme stock king pull off audacious eBay swoop?
Political Fix podcast

Note: The FT does not use generative AI to voice its podcasts

Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Katya Kumkova, Saffeya Ahmed, and Victoria Craig. Our show was mixed by Sam Giovinco. Additional help from Michael Lello and David da Silva. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.

Credit: CNBC

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

US fuel exports have surged to a record level, and hedge funds had their best month since 2020. Plus, Samsung Electronics is locked in a feud with its workers over how to share the spoils of the AI-driven semiconductor boom, and LVMH is considering selling some of its iconic brands.

Mentioned in this podcast:
US fuel exports hit record in boon for oil companies and threat to Trump
LVMH goes from buyer to seller as luxury’s winter drags on
Tech rally hands hedge funds biggest gains since 2020
Samsung workers demand bigger slice of surging AI profits

Note: The FT does not use generative AI to voice its podcasts

Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Katya Kumkova, Saffeya Ahmed, and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann, Michael Lello and David da Silva. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.

Global oil reserves plunged at a record pace in April and the SEC said it was proposing to allow public companies to file earnings reports every six months. Plus, the US will start reviewing some AI models over national security concerns and HSBC’s profits took a major hit from “fraud-related” exposure.

Mentioned in this podcast:
SEC moves to scrap quarterly reporting requirement
Global oil reserves plunge at record pace as Middle East war strains supplies
HSBC profits hit by $400mn ‘fraud-related’ exposure
Google, xAI and Microsoft agree to US national security reviews of new AI models

Note: The FT does not use generative AI to voice its podcasts

Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Katya Kumkova, Saffeya Ahmed, Fiona Symon, and Sonja Hutson. Our show was mixed by Sam Giovinco. Additional help from Michael Lello and David da Silva. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.

The US and Iran traded fire in the Strait of Hormuz, and Anthropic formed a more than $1.5bn joint venture with Wall Street groups including Blackstone, Hellman & Friedman and Goldman Sachs. Plus, the FT’s Anna Nicolaou explains whether Disney’s chief executive can handle the latest challenge thrown by the Trump administration.

Mentioned in this podcast:
US to ‘guide’ stranded ships out of Strait of Hormuz, says Trump
Blackstone and Goldman among backers for $1.5bn JV with Anthropic
Trump vs Kimmel: inside Disney chief Josh D’Amaro’s baptism of fire
‘Plastic shock’ hits Asia as Iran oil crisis strangles supplies

Note: The FT does not use generative AI to voice its podcasts

Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Katya Kumkova and Saffeya Ahmed. Our show was mixed by Sam Giovinco. Additional help from Michael Lello. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.