US defence stocks get left behind
FT News Briefing
Forhecz Topher
4.4 • 1.2K Ratings
🗓️ 4 March 2025
⏱️ 12 minutes
🧾️ Download transcript
Summary
The US is suspending military aid to Ukraine, Chevrolet Silverado’s complex supply chain leaves it particularly vulnerable to a looming trade war, and Eurozone inflation has fallen for the first time in four months to 2.4 per cent. Plus, US defence stocks are being left behind.
Mentioned in this podcast:
US suspends military aid to Ukraine
How Donald Trump’s tariffs threaten an iconic US pick-up truck
Eurozone inflation falls to 2.4% as underlying price pressures ease
European defence shares jump as blistering rally gathers pace
US defence groups miss out on global stock rally amid Trump’s Pentagon cuts
Credit: @ChevyPH
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. |
| 0:03.0 | Currently, we supply 27% of the UK's gas, 15% of its oil, |
| 0:07.7 | and we're playing our part in the UK's energy transition. |
| 0:11.0 | Our wind farms power 750,000 homes, |
| 0:14.0 | and we expect that to grow to over 7 million. |
| 0:16.5 | Last year, we invested 20% of our global growth spend in renewables |
| 0:20.1 | and lower carbon solutions. |
| 0:22.0 | We plan to increase that to 50% by 2030. |
| 0:25.4 | We're an energy company searching for better. |
| 0:28.4 | equinore.co.uk. |
| 0:33.4 | Good morning from the Financial Times. |
| 0:35.3 | Today is Tuesday, March 4th, and this is your FT News briefing. |
| 0:39.5 | The White House is pulling the plug on military assistance to Ukraine, and U.S. defense stocks are getting left in the dust. |
| 0:48.0 | Plus, we take a look at how tariffs on Canada and Mexico could mess with an iconic American car. |
| 0:55.4 | I'm Mark Filipino, and here's the news you need to start your day. |
| 1:09.0 | U.S. President Donald Trump is suspending American military aid to Ukraine. |
| 1:13.6 | The White House made the announcement late last night. |
| 1:16.3 | Trump's been trying to end the war in Ukraine pretty much since taking office, |
| 1:20.2 | but he wants Keev to make concessions to Russia that Ukrainian President Vladimir Zelenskyy won't accept. |
| 1:26.5 | The U.S. has contributed a steady flow of weapons to |
| 1:29.3 | Ukraine since Russia began its full-scale invasion more than three years ago. Trump and Zelensky |
| 1:35.4 | had a tense exchange during a visit to the White House last week. They were scheduled to sign an |
... |
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