<p>Investors are snapping up Venezuela’s defaulted debt, JPMorgan Chase has withdrawn almost $350bn in cash from its account at the Federal Reserve since 2023, and the US unemployment rate rose to its highest level in more than four years. Plus, global asset managers’ cash holdings have fallen to a record low in a sign of investors’ bullishness about the AI-fuelled stock market rally.&nbsp;</p><br><p><strong>Mentioned in this podcast:</strong></p><p><a href="https://on.ft.com/44vb5Ae" rel="noopener noreferrer" target="_blank">Investors pile into Venezuelan debt in regime change bet</a></p><p><a href="https://on.ft.com/4aT1ebo" rel="noopener noreferrer" target="_blank">JPMorgan pulls $350bn from Federal Reserve to buy up Treasuries</a></p><p><a href="https://on.ft.com/4s5QmgK" rel="noopener noreferrer" target="_blank">Bullish investors pile into stocks as cash levels sink to record low</a></p><p><a href="https://on.ft.com/44wH6b9" rel="noopener noreferrer" target="_blank">US unemployment rate hits four-year high of 4.6%</a></p><p><a href="https://on.ft.com/48Sjgba" rel="noopener noreferrer" target="_blank">Fifa offers cheaper World Cup tickets in response to outcry</a></p><br><p>Note: The FT does not use generative AI to voice its podcasts&nbsp;</p><br><p>Today’s FT News Briefing was hosted and edited by <a href="https://www.ft.com/marc-filippino" rel="noopener noreferrer" target="_blank">Marc Filippino</a>, and produced by Victoria Craig and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.</p><br><p><a href="https://www.ft.com/content/4dc7ec0a-4054-4c71-ab2f-6815723b456e" rel="noopener noreferrer" target="_blank"><strong>Read a transcript of this episode on FT.com</strong></a></p><hr><p style='color:grey; font-size:0.75em;'> 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.</p>

FT News Briefing

Financial Times

JPMorgan swaps cash for Treasuries

DEC 17, 202510 MIN
FT News Briefing

JPMorgan swaps cash for Treasuries

DEC 17, 202510 MIN

Description

<p>Investors are snapping up Venezuela’s defaulted debt, JPMorgan Chase has withdrawn almost $350bn in cash from its account at the Federal Reserve since 2023, and the US unemployment rate rose to its highest level in more than four years. Plus, global asset managers’ cash holdings have fallen to a record low in a sign of investors’ bullishness about the AI-fuelled stock market rally.&nbsp;</p><br><p><strong>Mentioned in this podcast:</strong></p><p><a href="https://on.ft.com/44vb5Ae" rel="noopener noreferrer" target="_blank">Investors pile into Venezuelan debt in regime change bet</a></p><p><a href="https://on.ft.com/4aT1ebo" rel="noopener noreferrer" target="_blank">JPMorgan pulls $350bn from Federal Reserve to buy up Treasuries</a></p><p><a href="https://on.ft.com/4s5QmgK" rel="noopener noreferrer" target="_blank">Bullish investors pile into stocks as cash levels sink to record low</a></p><p><a href="https://on.ft.com/44wH6b9" rel="noopener noreferrer" target="_blank">US unemployment rate hits four-year high of 4.6%</a></p><p><a href="https://on.ft.com/48Sjgba" rel="noopener noreferrer" target="_blank">Fifa offers cheaper World Cup tickets in response to outcry</a></p><br><p>Note: The FT does not use generative AI to voice its podcasts&nbsp;</p><br><p>Today’s FT News Briefing was hosted and edited by <a href="https://www.ft.com/marc-filippino" rel="noopener noreferrer" target="_blank">Marc Filippino</a>, and produced by Victoria Craig and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.</p><br><p><a href="https://www.ft.com/content/4dc7ec0a-4054-4c71-ab2f-6815723b456e" rel="noopener noreferrer" target="_blank"><strong>Read a transcript of this episode on FT.com</strong></a></p><hr><p style='color:grey; font-size:0.75em;'> 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.</p>