<description>&lt;p&gt;Are the Democrats doomed? Which world leaders are happiest to see Trump back in the White House? And why are investors flooding into American stocks? The FT’s US managing editor Peter Spiegel and global business columnist Rana Foroohar answer all of your questions after a wild year in US politics.&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/3VNLiPp" rel="noopener noreferrer" target="_blank"&gt;Trump team aims to bankrupt Iran with new ‘maximum pressure’ plan&lt;/a&gt;&lt;/p&gt;&lt;p&gt;&lt;a href="https://on.ft.com/3VNFKod" rel="noopener noreferrer" target="_blank"&gt;How ‘the mother of all bubbles’ will pop&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.&amp;nbsp;&lt;/p&gt;&lt;br&gt;&lt;p&gt;&lt;a href="https://www.ft.com/content/2715576e-66d8-433a-9621-02dea89839df" 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>

FT columnists answer your questions about the US election and a second Donald Trump term. 

Are the Democrats doomed? Which world leaders are happiest to see Trump back in the White House? And why are investors flooding into American stocks? The FT’s US managing editor Peter Spiegel and global business columnist Rana Foroohar answer all of your questions after a wild year in US politics.&nbsp; Mentioned in this podcast:<a href="https://on.ft.com/3VNLiPp" rel="noopener noreferrer" target="_blank">Trump team aims to bankrupt Iran with new ‘maximum pressure’ plan</a><a href="https://on.ft.com/3VNFKod" rel="noopener noreferrer" target="_blank">How ‘the mother of all bubbles’ will pop</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.&nbsp; <a href="https://www.ft.com/content/2715576e-66d8-433a-9621-02dea89839df" 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.

Swamp Notes: Listener mailbag, the election and 2025

<description>&lt;p&gt;A number of cryptocurrency-focused hedge funds are outpacing their rivals, the Bank of England holds interest rates at 4.75 per cent, and Microsoft has partnered with a utility company to restart a controversial reactor at Three Mile Island.&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/3ZIx1oq" rel="noopener noreferrer" target="_blank"&gt;Hedge funds cash in on Trump-fuelled crypto boom&lt;/a&gt;&amp;nbsp;&lt;/p&gt;&lt;p&gt;&lt;a href="https://on.ft.com/4iJgY23" rel="noopener noreferrer" target="_blank"&gt;Bank of England holds interest rates at 4.75%&lt;/a&gt;&lt;/p&gt;&lt;p&gt;&lt;a href="https://podcasts.apple.com/us/podcast/behind-the-money/id1376303362?i=1000680778363" rel="noopener noreferrer" target="_blank"&gt;Behind the Money: How the AI boom is reviving Three Mile Island&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/59fc0f0c-01ae-4eac-ba73-c3d2b73853b3" 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>

Big Tech’s AI data centres need a huge amount of power

A number of cryptocurrency-focused hedge funds are outpacing their rivals, the Bank of England holds interest rates at 4.75 per cent, and Microsoft has partnered with a utility company to restart a controversial reactor at Three Mile Island. Mentioned in this podcast:<a href="https://on.ft.com/3ZIx1oq" rel="noopener noreferrer" target="_blank">Hedge funds cash in on Trump-fuelled crypto boom</a>&nbsp;<a href="https://on.ft.com/4iJgY23" rel="noopener noreferrer" target="_blank">Bank of England holds interest rates at 4.75%</a><a href="https://podcasts.apple.com/us/podcast/behind-the-money/id1376303362?i=1000680778363" rel="noopener noreferrer" target="_blank">Behind the Money: How the AI boom is reviving Three Mile Island</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/59fc0f0c-01ae-4eac-ba73-c3d2b73853b3" 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.

Why Microsoft needs nuclear energy 

<description>&lt;p&gt;The Federal Reserve cuts interest rates by a quarter-point but signals a slower pace of easing, and we look back at what central banks learned in 2024. The US Supreme Court says it will hear TikTok’s appeal against a divest-or-ban law, and Honda-Nissan talks aim to rescue Japan’s fragmented automotive industry.&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/3DmbWZn" rel="noopener noreferrer" target="_blank"&gt;Fed cuts rates by a quarter-point but signals slower pace of easing&lt;/a&gt;&amp;nbsp;&lt;/p&gt;&lt;p&gt;&lt;a href="https://on.ft.com/4gDjAwB" rel="noopener noreferrer" target="_blank"&gt;Five central banking lessons for 2024&lt;/a&gt;&lt;/p&gt;&lt;p&gt;&lt;a href="https://on.ft.com/49IiIEW" rel="noopener noreferrer" target="_blank"&gt;US Supreme Court to hear arguments challenging law that could ban TikTok&lt;/a&gt;&amp;nbsp;&lt;/p&gt;&lt;p&gt;&lt;a href="https://on.ft.com/4gGFW0l" rel="noopener noreferrer" target="_blank"&gt;Honda-Nissan merger talks mark Japan Inc’s new consolidate-to-survive mood&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 Marine Saint, 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/f6d3e227-ace1-430d-bc68-8d981e4aa692" 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>

Tough lessons learnt this year will define future strategy for central banks

The Federal Reserve cuts interest rates by a quarter-point but signals a slower pace of easing, and we look back at what central banks learned in 2024. The US Supreme Court says it will hear TikTok’s appeal against a divest-or-ban law, and Honda-Nissan talks aim to rescue Japan’s fragmented automotive industry. Mentioned in this podcast:<a href="https://on.ft.com/3DmbWZn" rel="noopener noreferrer" target="_blank">Fed cuts rates by a quarter-point but signals slower pace of easing</a>&nbsp;<a href="https://on.ft.com/4gDjAwB" rel="noopener noreferrer" target="_blank">Five central banking lessons for 2024</a><a href="https://on.ft.com/49IiIEW" rel="noopener noreferrer" target="_blank">US Supreme Court to hear arguments challenging law that could ban TikTok</a>&nbsp;<a href="https://on.ft.com/4gGFW0l" rel="noopener noreferrer" target="_blank">Honda-Nissan merger talks mark Japan Inc’s new consolidate-to-survive mood</a> The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Marine Saint, 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/f6d3e227-ace1-430d-bc68-8d981e4aa692" 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 2024 taught central bankers

<description>&lt;p&gt;Argentina emerged from a severe recession in the third quarter, Microsoft buys twice as many of Nvidia’s chips as any of its largest rivals, KPMG narrows the gap with the other Big Four firms, and Huawei sets sights on becoming a big supplier to the electric car industry. Plus, pub chains express frustration over shortages of Guinness in the run-up to Christmas.&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/4fqJi6F" rel="noopener noreferrer" target="_blank"&gt;Microsoft acquires twice as many Nvidia AI chips as tech rivals&lt;/a&gt;&amp;nbsp;&lt;/p&gt;&lt;p&gt;&lt;a href="https://on.ft.com/3P1ji70" rel="noopener noreferrer" target="_blank"&gt;Argentina’s economy exits recession in milestone for Javier Milei&lt;/a&gt;&lt;/p&gt;&lt;p&gt;&lt;a href="https://on.ft.com/4gfBLsw" rel="noopener noreferrer" target="_blank"&gt;KPMG outpaces Big Four rivals as audit and tax units shine&lt;/a&gt;&amp;nbsp;&lt;/p&gt;&lt;p&gt;&lt;a href="https://on.ft.com/41HrG39" rel="noopener noreferrer" target="_blank"&gt;‘A different animal’: inside Huawei’s nascent EV business&lt;/a&gt;&amp;nbsp;&lt;/p&gt;&lt;p&gt;&lt;a href="https://on.ft.com/49IVrme" rel="noopener noreferrer" target="_blank"&gt;Diageo ‘better get brewing’, says Wetherspoons head amid Guinness shortage &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/d32312e4-2c9e-4e7c-9ed2-0e8e7377d2cc" 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>

Argentina emerges from severe recession, marking a milestone for libertarian president Javier Milei

Argentina emerged from a severe recession in the third quarter, Microsoft buys twice as many of Nvidia’s chips as any of its largest rivals, KPMG narrows the gap with the other Big Four firms, and Huawei sets sights on becoming a big supplier to the electric car industry. Plus, pub chains express frustration over shortages of Guinness in the run-up to Christmas. Mentioned in this podcast:<a href="https://on.ft.com/4fqJi6F" rel="noopener noreferrer" target="_blank">Microsoft acquires twice as many Nvidia AI chips as tech rivals</a>&nbsp;<a href="https://on.ft.com/3P1ji70" rel="noopener noreferrer" target="_blank">Argentina’s economy exits recession in milestone for Javier Milei</a><a href="https://on.ft.com/4gfBLsw" rel="noopener noreferrer" target="_blank">KPMG outpaces Big Four rivals as audit and tax units shine</a>&nbsp;<a href="https://on.ft.com/41HrG39" rel="noopener noreferrer" target="_blank">‘A different animal’: inside Huawei’s nascent EV business</a>&nbsp;<a href="https://on.ft.com/49IVrme" rel="noopener noreferrer" target="_blank">Diageo ‘better get brewing’, says Wetherspoons head amid Guinness shortage </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/d32312e4-2c9e-4e7c-9ed2-0e8e7377d2cc" 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.

Javier Milei scores Argentina economy win

<description>&lt;p&gt;Japan’s SoftBank unveils $100bn US investment plans, fervour around Nvidia cools as investors look to AI’s next winners, and Europe launches its most ambitious space programme in a decade. Plus, in Syria, Kurdish groups fear they may be worse off under a rebel-led government.&lt;/p&gt;&lt;br&gt;&lt;p&gt;&lt;strong&gt;Mentioned in this podcast:&amp;nbsp;&lt;/strong&gt;&lt;/p&gt;&lt;p&gt;&lt;a href="https://on.ft.com/4frDUjv" rel="noopener noreferrer" target="_blank"&gt;Japan’s SoftBank pledges $100bn investment in US&lt;/a&gt;&amp;nbsp;&lt;/p&gt;&lt;p&gt;&lt;a href="https://on.ft.com/3OXZh1d" rel="noopener noreferrer" target="_blank"&gt;After Nvidia’s boom, what’s next for AI-related stocks? &lt;/a&gt;&amp;nbsp;&lt;/p&gt;&lt;p&gt;&lt;a href="https://on.ft.com/3VGzvm0" rel="noopener noreferrer" target="_blank"&gt;Europe signs €10.6bn Iris² satellite deal in bid to rival Elon Musk’s Starlink&lt;/a&gt;&amp;nbsp;&lt;/p&gt;&lt;p&gt;&lt;a href="https://on.ft.com/3ZTdtyK" rel="noopener noreferrer" target="_blank"&gt;Syria’s Kurds fear US betrayal under Donald Trump&lt;/a&gt;&amp;nbsp;&lt;/p&gt;&lt;p&gt;Credit: AP&lt;/p&gt;&lt;br&gt;&lt;p&gt;Send us your questions for Swamp Notes! Write to &lt;a href="mailto:ethan.plotkin@ft.com" rel="noopener noreferrer" target="_blank"&gt;ethan.plotkin@ft.com&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 Marine Saint, 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/c19341eb-dd52-4c94-ab9a-4c292b9fb0d2" 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;p&gt;&lt;br&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>

Investor attention is likely to spread next to companies using AI technology

Japan’s SoftBank unveils $100bn US investment plans, fervour around Nvidia cools as investors look to AI’s next winners, and Europe launches its most ambitious space programme in a decade. Plus, in Syria, Kurdish groups fear they may be worse off under a rebel-led government. Mentioned in this podcast:&nbsp;<a href="https://on.ft.com/4frDUjv" rel="noopener noreferrer" target="_blank">Japan’s SoftBank pledges $100bn investment in US</a>&nbsp;<a href="https://on.ft.com/3OXZh1d" rel="noopener noreferrer" target="_blank">After Nvidia’s boom, what’s next for AI-related stocks? </a>&nbsp;<a href="https://on.ft.com/3VGzvm0" rel="noopener noreferrer" target="_blank">Europe signs €10.6bn Iris² satellite deal in bid to rival Elon Musk’s Starlink</a>&nbsp;<a href="https://on.ft.com/3ZTdtyK" rel="noopener noreferrer" target="_blank">Syria’s Kurds fear US betrayal under Donald Trump</a>&nbsp;Credit: AP Send us your questions for Swamp Notes! Write to <a href="mailto:ethan.plotkin@ft.com" rel="noopener noreferrer" target="_blank">ethan.plotkin@ft.com</a>. The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Marine Saint, 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/c19341eb-dd52-4c94-ab9a-4c292b9fb0d2" 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.

AI investors look beyond chips

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

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