<description>&lt;p&gt;The Republicans swept to power in Tuesday’s election, winning the White House, the Senate, and probably the House of Representatives. Voter dissatisfaction with the economy played a big part in their success. The FT’s Washington bureau chief James Politi and global business columnist Rana Foroohar join this election week episode of Swamp Notes to explain why Democrats failed to deliver a convincing economic message, and what Donald Trump’s disruptive agenda could mean for the US economy.&amp;nbsp;&lt;/p&gt;&lt;br&gt;&lt;p&gt;&lt;strong&gt;Mentioned in this podcast:&lt;/strong&gt;&lt;/p&gt;&lt;p&gt;&lt;a href="https://on.ft.com/3CwfEPq" rel="noopener noreferrer" target="_blank"&gt;Wall Street rejoices as the bell tolls for Biden-era regulation&lt;/a&gt;&lt;/p&gt;&lt;p&gt;&lt;a href="https://on.ft.com/4eprOqT" rel="noopener noreferrer" target="_blank"&gt;Economists warn Trump’s policies will trigger inflation&lt;/a&gt;&lt;/p&gt;&lt;p&gt;&lt;a href="https://on.ft.com/3UK5b9A" rel="noopener noreferrer" target="_blank"&gt;Bitcoin hits record above $75,000 as crypto industry celebrates Trump win&lt;/a&gt;&lt;/p&gt;&lt;p&gt;&lt;a href="https://ep.ft.com/newsletters/56a64b704f693a0300dfab7e/subscribe" rel="noopener noreferrer" target="_blank"&gt;Sign up for the FT’s Swamp Notes newsletter here&lt;/a&gt;&lt;/p&gt;&lt;br&gt;&lt;p&gt;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.&lt;/p&gt;&lt;br /&gt;&lt;hr&gt;&lt;p style='color:grey; font-size:0.75em;'&gt; Hosted on Acast. See &lt;a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'&gt;acast.com/privacy&lt;/a&gt; for more information.&lt;/p&gt;</description>

US voters didn’t like the Democrats’ economic vision. Will they be happy with Donald Trump’s?

The Republicans swept to power in Tuesday’s election, winning the White House, the Senate, and probably the House of Representatives. Voter dissatisfaction with the economy played a big part in their success. The FT’s Washington bureau chief James Politi and global business columnist Rana Foroohar join this election week episode of Swamp Notes to explain why Democrats failed to deliver a convincing economic message, and what Donald Trump’s disruptive agenda could mean for the US economy.&nbsp; Mentioned in this podcast:<a href="https://on.ft.com/3CwfEPq" rel="noopener noreferrer" target="_blank">Wall Street rejoices as the bell tolls for Biden-era regulation</a><a href="https://on.ft.com/4eprOqT" rel="noopener noreferrer" target="_blank">Economists warn Trump’s policies will trigger inflation</a><a href="https://on.ft.com/3UK5b9A" rel="noopener noreferrer" target="_blank">Bitcoin hits record above $75,000 as crypto industry celebrates Trump win</a><a href="https://ep.ft.com/newsletters/56a64b704f693a0300dfab7e/subscribe" rel="noopener noreferrer" target="_blank">Sign up for the FT’s Swamp Notes newsletter here</a> 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. <hr> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.

Swamp Notes: Trumponomics 2.0

<description>&lt;p&gt;US stocks rallied after Donald Trump’s election victory, but the euphoria could be short-lived if his policies drive up inflation. Plus, German opposition leader Friedrich Merz has called for snap elections as early as January following the collapse of Olaf Scholz’s government, and Trump’s victory is set to cast a pall over the UN COP29 summit next week.&lt;/p&gt;&lt;br&gt;&lt;p&gt;&lt;strong&gt;Mentioned in this podcast:&lt;/strong&gt;&lt;/p&gt;&lt;p&gt;&lt;a href="https://on.ft.com/3AEE5tu" rel="noopener noreferrer" target="_blank"&gt;Risk assets rally but bond market views Donald Trump’s victory with caution&lt;/a&gt;&lt;/p&gt;&lt;p&gt;&lt;a href="https://on.ft.com/3O0GphE" rel="noopener noreferrer" target="_blank"&gt;Federal Reserve cuts interest rates for second consecutive meeting&lt;/a&gt;&amp;nbsp;&lt;/p&gt;&lt;p&gt;&lt;a href="https://on.ft.com/3NWMPyb" rel="noopener noreferrer" target="_blank"&gt;German opposition leader Friedrich Merz calls for snap elections&amp;nbsp;&lt;/a&gt;&lt;/p&gt;&lt;p&gt;&lt;a href="https://on.ft.com/3YHuTN9" rel="noopener noreferrer" target="_blank"&gt;Trump victory seen as blow to climate action ahead of COP summit&lt;/a&gt;&amp;nbsp;&lt;/p&gt;&lt;br&gt;&lt;p&gt;The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. 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.&lt;/p&gt;&lt;br&gt;&lt;p&gt;&lt;a href="https://www.ft.com/content/9a4f5c0f-ace2-46cd-b4cd-307bc9338c83" rel="noopener noreferrer" target="_blank"&gt;&lt;strong&gt;Read a transcript of this episode on FT.com&lt;/strong&gt;&lt;/a&gt;&lt;/p&gt;&lt;br /&gt;&lt;hr&gt;&lt;p style='color:grey; font-size:0.75em;'&gt; Hosted on Acast. See &lt;a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'&gt;acast.com/privacy&lt;/a&gt; for more information.&lt;/p&gt;</description>

US stocks rallied after Donald Trump’s election victory, but inflation fears hang over bonds 

US stocks rallied after Donald Trump’s election victory, but the euphoria could be short-lived if his policies drive up inflation. Plus, German opposition leader Friedrich Merz has called for snap elections as early as January following the collapse of Olaf Scholz’s government, and Trump’s victory is set to cast a pall over the UN COP29 summit next week. Mentioned in this podcast:<a href="https://on.ft.com/3AEE5tu" rel="noopener noreferrer" target="_blank">Risk assets rally but bond market views Donald Trump’s victory with caution</a><a href="https://on.ft.com/3O0GphE" rel="noopener noreferrer" target="_blank">Federal Reserve cuts interest rates for second consecutive meeting</a>&nbsp;<a href="https://on.ft.com/3NWMPyb" rel="noopener noreferrer" target="_blank">German opposition leader Friedrich Merz calls for snap elections&nbsp;</a><a href="https://on.ft.com/3YHuTN9" rel="noopener noreferrer" target="_blank">Trump victory seen as blow to climate action ahead of COP summit</a>&nbsp; The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. 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. <a href="https://www.ft.com/content/9a4f5c0f-ace2-46cd-b4cd-307bc9338c83" rel="noopener noreferrer" target="_blank">Read a transcript of this episode on FT.com</a> <hr> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.

The highs and lows of the ‘Trump trade’

<description>&lt;p&gt;Wall Street stocks hit a record high but investors dumped bonds after Donald Trump’s historic US election victory, and the FT’s Lauren Fedor explains what to expect from his agenda. In Europe, leaders have vowed to preserve a united front and work with Trump, and export-reliant economies across the world brace for his promised tariff increases.&amp;nbsp;&lt;/p&gt;&lt;br&gt;&lt;p&gt;&lt;strong&gt;Mentioned in this podcast:&lt;/strong&gt;&lt;/p&gt;&lt;p&gt;&lt;a href="https://on.ft.com/3YzQp6p" rel="noopener noreferrer" target="_blank"&gt;US stocks hit record high after Donald Trump clinches victory&lt;/a&gt;&amp;nbsp;&lt;/p&gt;&lt;p&gt;&lt;a href="https://on.ft.com/3CkfIC8" rel="noopener noreferrer" target="_blank"&gt;Donald Trump elected US president in historic comeback&lt;/a&gt;&amp;nbsp;&lt;/p&gt;&lt;p&gt;&lt;a href="https://on.ft.com/48BDjtO" rel="noopener noreferrer" target="_blank"&gt;Donald Trump unleashed: what a second term will bring&lt;/a&gt;&amp;nbsp;&lt;/p&gt;&lt;p&gt;&lt;a href="https://on.ft.com/4eoMr6q" rel="noopener noreferrer" target="_blank"&gt;European leaders vow to work with Donald Trump despite fears&lt;/a&gt;&lt;/p&gt;&lt;p&gt;&lt;a href="https://on.ft.com/3NUGCmi" rel="noopener noreferrer" target="_blank"&gt;Global economy prepares for the Trump ‘macro shock’ &lt;/a&gt;&amp;nbsp;&amp;nbsp;&lt;/p&gt;&lt;p&gt;&lt;a href="https://on.ft.com/4fyab93" rel="noopener noreferrer" target="_blank"&gt;Trump’s tariff obsession is worse than before&lt;/a&gt;&amp;nbsp;&lt;/p&gt;&lt;br&gt;&lt;p&gt;The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. 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.&lt;/p&gt;&lt;br&gt;&lt;p&gt;&lt;a href="https://www.ft.com/content/3d4a7685-2776-4146-aa39-6ea28619ab50" rel="noopener noreferrer" target="_blank"&gt;&lt;strong&gt;Read a transcript of this episode on FT.com&lt;/strong&gt;&lt;/a&gt;&lt;/p&gt;&lt;br /&gt;&lt;hr&gt;&lt;p style='color:grey; font-size:0.75em;'&gt; Hosted on Acast. See &lt;a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'&gt;acast.com/privacy&lt;/a&gt; for more information.&lt;/p&gt;</description>

Republicans will return to pinnacle of global power with Trump’s ‘America First’ agenda

Wall Street stocks hit a record high but investors dumped bonds after Donald Trump’s historic US election victory, and the FT’s Lauren Fedor explains what to expect from his agenda. In Europe, leaders have vowed to preserve a united front and work with Trump, and export-reliant economies across the world brace for his promised tariff increases.&nbsp; Mentioned in this podcast:<a href="https://on.ft.com/3YzQp6p" rel="noopener noreferrer" target="_blank">US stocks hit record high after Donald Trump clinches victory</a>&nbsp;<a href="https://on.ft.com/3CkfIC8" rel="noopener noreferrer" target="_blank">Donald Trump elected US president in historic comeback</a>&nbsp;<a href="https://on.ft.com/48BDjtO" rel="noopener noreferrer" target="_blank">Donald Trump unleashed: what a second term will bring</a>&nbsp;<a href="https://on.ft.com/4eoMr6q" rel="noopener noreferrer" target="_blank">European leaders vow to work with Donald Trump despite fears</a><a href="https://on.ft.com/3NUGCmi" rel="noopener noreferrer" target="_blank">Global economy prepares for the Trump ‘macro shock’ </a>&nbsp;&nbsp;<a href="https://on.ft.com/4fyab93" rel="noopener noreferrer" target="_blank">Trump’s tariff obsession is worse than before</a>&nbsp; The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. 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. <a href="https://www.ft.com/content/3d4a7685-2776-4146-aa39-6ea28619ab50" rel="noopener noreferrer" target="_blank">Read a transcript of this episode on FT.com</a> <hr> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.

Trump’s second chapter begins

<description>&lt;p&gt;A divided US electorate made their choice at the polls yesterday, after candidates Kamala Harris and Donald Trump spent a combined $3.5bn in their race for the White House. Plus, Germany’s government is in talks on next year’s budget amid fears the coalition could collapse.&amp;nbsp;&amp;nbsp;&lt;/p&gt;&lt;br&gt;&lt;p&gt;&lt;strong&gt;Mentioned in this podcast:&lt;/strong&gt;&lt;/p&gt;&lt;p&gt;&lt;a href="https://on.ft.com/3CgJ1p5" rel="noopener noreferrer" target="_blank"&gt;US election 2024 live results: US voters make their choice in historically tight election&lt;/a&gt;&lt;/p&gt;&lt;p&gt;&lt;a href="https://on.ft.com/3AtmHYG" rel="noopener noreferrer" target="_blank"&gt;Donald Trump and Kamala Harris spend $3.5bn in most expensive presidential election&lt;/a&gt;&lt;/p&gt;&lt;p&gt;&lt;a href="https://on.ft.com/3UEMmVd" rel="noopener noreferrer" target="_blank"&gt;German vice-chancellor extends olive branch to avert coalition collapse&lt;/a&gt;&lt;/p&gt;&lt;br&gt;&lt;p&gt;The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. 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.&lt;/p&gt;&lt;br&gt;&lt;p&gt;&lt;a href="https://www.ft.com/content/3f9b4382-0270-4f7e-a8a0-c01e73c9b98d" rel="noopener noreferrer" target="_blank"&gt;&lt;strong&gt;Read a transcript of this episode on FT.com&lt;/strong&gt;&lt;/a&gt;&lt;/p&gt;&lt;br /&gt;&lt;hr&gt;&lt;p style='color:grey; font-size:0.75em;'&gt; Hosted on Acast. See &lt;a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'&gt;acast.com/privacy&lt;/a&gt; for more information.&lt;/p&gt;</description>

Voters make their choice in historic election

A divided US electorate made their choice at the polls yesterday, after candidates Kamala Harris and Donald Trump spent a combined $3.5bn in their race for the White House. Plus, Germany’s government is in talks on next year’s budget amid fears the coalition could collapse.&nbsp;&nbsp; Mentioned in this podcast:<a href="https://on.ft.com/3CgJ1p5" rel="noopener noreferrer" target="_blank">US election 2024 live results: US voters make their choice in historically tight election</a><a href="https://on.ft.com/3AtmHYG" rel="noopener noreferrer" target="_blank">Donald Trump and Kamala Harris spend $3.5bn in most expensive presidential election</a><a href="https://on.ft.com/3UEMmVd" rel="noopener noreferrer" target="_blank">German vice-chancellor extends olive branch to avert coalition collapse</a> The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. 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. <a href="https://www.ft.com/content/3f9b4382-0270-4f7e-a8a0-c01e73c9b98d" rel="noopener noreferrer" target="_blank">Read a transcript of this episode on FT.com</a> <hr> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.

How election day unfolded in the US

<description>&lt;p&gt;The dollar weakened on Monday as global markets reined in their bets on a victory for Donald Trump in the US presidential election, and the Financial Times’ James Politi explains what to look out for as results trickle in. Plus, Spain’s prime minister is facing political backlash over the country’s historic flooding and the Nigeria-based fintech Moniepoint has gained “unicorn” status.&lt;/p&gt;&lt;br&gt;&lt;p&gt;&lt;strong&gt;Mentioned in this podcast:&lt;/strong&gt;&lt;/p&gt;&lt;p&gt;&lt;a href="https://on.ft.com/3YRWegX" rel="noopener noreferrer" target="_blank"&gt;Dollar weakens as investors rein in bets on Trump victory&lt;/a&gt;&amp;nbsp;&lt;/p&gt;&lt;p&gt;&lt;a href="https://on.ft.com/3YQc77m" rel="noopener noreferrer" target="_blank"&gt;Spain’s political leaders turn on each other over flood catastrophe&lt;/a&gt;&amp;nbsp;&lt;/p&gt;&lt;p&gt;&lt;a href="https://on.ft.com/4edhCS7" rel="noopener noreferrer" target="_blank"&gt;US election 2024: a comprehensive guide to the presidential race&lt;/a&gt;&amp;nbsp;&amp;nbsp;&lt;/p&gt;&lt;p&gt;&lt;a href="https://on.ft.com/3UBlUfa" rel="noopener noreferrer" target="_blank"&gt;Nigeria-based fintech Moniepoint gains ‘unicorn’ status&lt;/a&gt;&lt;/p&gt;&lt;p&gt;Credit: AFP&lt;/p&gt;&lt;br&gt;&lt;p&gt;The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. 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.&lt;/p&gt;&lt;br&gt;&lt;p&gt;&lt;a href="https://www.ft.com/content/2a721e39-84b0-463f-9f16-2cfab965a0b5" rel="noopener noreferrer" target="_blank"&gt;&lt;strong&gt;Read a transcript of this episode on FT.com&lt;/strong&gt;&lt;/a&gt;&lt;/p&gt;&lt;br /&gt;&lt;hr&gt;&lt;p style='color:grey; font-size:0.75em;'&gt; Hosted on Acast. See &lt;a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'&gt;acast.com/privacy&lt;/a&gt; for more information.&lt;/p&gt;</description>

Don’t anticipate results tonight, but there will be some early indicators 

The dollar weakened on Monday as global markets reined in their bets on a victory for Donald Trump in the US presidential election, and the Financial Times’ James Politi explains what to look out for as results trickle in. Plus, Spain’s prime minister is facing political backlash over the country’s historic flooding and the Nigeria-based fintech Moniepoint has gained “unicorn” status. Mentioned in this podcast:<a href="https://on.ft.com/3YRWegX" rel="noopener noreferrer" target="_blank">Dollar weakens as investors rein in bets on Trump victory</a>&nbsp;<a href="https://on.ft.com/3YQc77m" rel="noopener noreferrer" target="_blank">Spain’s political leaders turn on each other over flood catastrophe</a>&nbsp;<a href="https://on.ft.com/4edhCS7" rel="noopener noreferrer" target="_blank">US election 2024: a comprehensive guide to the presidential race</a>&nbsp;&nbsp;<a href="https://on.ft.com/3UBlUfa" rel="noopener noreferrer" target="_blank">Nigeria-based fintech Moniepoint gains ‘unicorn’ status</a>Credit: AFP The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. 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. <a href="https://www.ft.com/content/2a721e39-84b0-463f-9f16-2cfab965a0b5" rel="noopener noreferrer" target="_blank">Read a transcript of this episode on FT.com</a> <hr> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.

What to expect on US election night

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. <hr> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.

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.

FT News Briefing

Details

Recent Episodes