Tariff uncertainty continues market volatility

FT News Briefing

Forhecz Topher

News, News & Politics, Daily News

4.4 • 1.2K Ratings

🗓️ 7 March 2025

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

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Summary

Donald Trump’s crypto project made at least $350mn from the launch of his memecoin, and FT markets columnist Katie Martin unpacks the week in markets. The European Central Bank cut interest rates to 2.5 per cent yesterday, plus EU leaders held an emergency summit to talk about defence spending and support for Ukraine.

Mentioned in this podcast:

Donald Trump’s crypto project netted $350mn from presidential memecoin

ECB cuts interest rate to 2.5%

US stocks struggle as ‘America First’ bets backfire

Global bond sell-off deepens as Germany jolts markets

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, 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.

Read a transcript of this episode on FT.com

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Transcript

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0:00.0	We're Equinor, an energy company searching for better. Currently, we supply 27% of the UK's gas,
0:07.0	15% of its oil, and we're playing our part in the UK's energy transition. In 2023, we invested
0:14.1	20% of our global gross spend in renewables and lower carbon solutions. Today, our wind farms power
0:20.0	750,000 homes, and we expect this to grow to
0:23.3	over 7 million UK households. We're an energy company searching for better. Equinor.com.
0:29.1	UK.
0:33.8	Good morning from the Financial Times. Today is Friday, March 7th. And this is your FT News briefing.
0:40.1	Donald Trump's latest crypto project is turning out to be quite lucrative. And it has been an intense week in the markets.
0:48.0	The confidence in the certainty has just gone. Investors can't be sure that if Donald Trump says this is what I'm going to do,
0:55.1	that it's going to actually happen. Plus, EU leaders held an emergency summit in support of
0:59.5	Ukraine yesterday. I'm Mark Filipino, and here's the news you need to start your day. Donald Trump's meme coin is making him a lot of money.
1:19.0	Trump launched the token before he returned to the White House in January,
1:22.7	and the FTA has found that it's made him at least $350 million since then.
1:28.0	But making that much money off crypto comes with some scrutiny when you're president.
1:33.3	Investors and ethics experts say the sale of crypto would basically let Trump channel anonymous
1:38.3	donations.
1:39.5	The White House and the memecoin's website did not respond to requests for comment.
1:50.2	Music White House and the memecoigne's website did not respond to requests for comment. Another week, another wild ride in markets.
1:53.3	US stocks are down after Donald Trump's tariffs sent investors in a tailspin.
1:57.9	And Germany set the global bond market on fire.
2:02.8	Luckily, I have the FTs markets columnist, Katie Martin, with me to help make sense of it all. Hi, Katie. Hi. I hope I'm,
2:08.2	you don't think I'm going to make perfect sense of it all. I'll do my best. No, no. I don't know
	...

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