This was supposed to be a record year for the US meat industry. But when coronavirus hit the meat-packing plants, it exposed a vulnerable link in the supply chain. We take a look at how our meat gets from the farm to the supermarket, and ask what the fall in production could mean for the US-China trade truce. With the FT’s Gregory Meyer. To get free access to the FT’s Coronavirus Business Update newsletter for 30 days, visit ft.com/behindthemoneycovid. Further reading: Coronavirus: return to wor...
May 12, 2020•19 min
The Trump administration’s small business bailout programme has been plagued by problems from the start, with complaints that large companies crowded out the kinds of small enterprises and independent contractors it was designed to help. With a fresh round of funding on offer from Washington, we hear from several business owners trying to get their share, as well as the FT’s Laura Noonan who has been reporting on the programme since it launched. To get free access to the FT’s Coronavirus Busines...
Apr 28, 2020•21 min
Mauren Pereira's drapery business was on track for its most financially successful year to date. That was until the coronavirus outbreak reached Virginia. Behind the Money reports on how one small business owner is navigating the current economic crisis. With Brendan Greeley, US economics editor for the Financial Times. We want to hear from you. Please go to ft.com/behindthemoneysurvey and fill out our survey for a chance to win a pair of Bose QuietComfort Noise Cancelling headphones. Hosted on ...
Apr 14, 2020•20 min
When credit markets seized up earlier in March, more than 130 companies rushed to their lenders to draw down at least $124bn of emergency credit lines to shore up cash, with Ford and General Motors drawing the largest amounts. We look at how the auto industry is preparing for the economic uncertainty that lies ahead. With the FT's Peter Campbell and Gillian Tett. We want to hear from you. Please go to ft.com/behindthemoneysurvey and fill out our survey for a chance to win a pair of Bose QuietCom...
Mar 31, 2020•19 min
Behind the Money wants to hear from you, our listeners, about how the coronavirus pandemic is impacting your business and your work life. Email us at behindthemone y [at] ft.com Hosted on Acast. See acast.com/privacy for more information.
Mar 26, 2020•1 min
A costly investigation into the conduct of senior UK bankers during the financial crisis has raised questions about what it means to prosecute allegations of corporate crime, and whether Britain’s fraud laws need overhauling. With the FT’s Caroline Binham and Jane Croft. We want to hear from you. Please go to ft.com/behindthemoneysurvey and fill out our survey for a chance to win a pair of Bose QuietComfort Noise Cancelling headphones. Read more from Jane and Caroline here: Barclays: the legal f...
Mar 17, 2020•29 min
More than 10 years on from the early days of the US shale boom, bankruptcy risks are rising across the sector. The FT's US energy editor, Derek Brower, reports on what weak oil prices and tightening access to credit are doing to the outlook for some producers. Further reading: Bankruptcy risks rise for US shale (paywall) https://www.ft.com/content/76c15898-52a2-11ea-90ad-25e377c0ee1f US energy sector, shunned by investors, has ‘Pearl Harbor’ moment (paywall) https://www.ft.com/content/254bf634-5...
Mar 03, 2020•21 min
Nearly one year after the grounding of Boeing's 737 Max jet, more than 700 of these planes remain on the ground, with costs to the US manufacturing giant estimated to reach nearly $20bn. The FT's Claire Bushey reports on how the crisis unfolded, and what it will take for the aerospace company to return business as usual. Further reading: Boeing tightens its belt as Max crisis drains cash (paywall) https://www.ft.com/content/949eea64-3e44-11ea-a01a-bae547046735 Boeing faces Max hurdle as pilot co...
Feb 18, 2020•25 min
A brand new season of Behind the Money with the Financial Times is coming in early 2020. Subscribe now so you don't miss an episode. Hosted on Acast. See acast.com/privacy for more information.
Dec 17, 2019•40 sec
Earlier this year, Facebook announced its digital currency project, Libra, to great fanfare. Just a few months later, the project has stalled amid pressure from regulators and lawmakers around the world. With the FT's Hannah Murphy and Kiran Stacey. Further reading: Where it all went wrong for Facebook’s Libra: https://www.ft.com/content/6e29a1f0-ef1e-11e9-ad1e-4367d8281195 Zuckerberg warns blocking Libra will be boon to China tech: https://www.ft.com/content/28c600de-f5a1-11e9-9ef3-eca8fc8f2d65...
Oct 24, 2019•19 min
A key short term lending market came under strain in September, raising concerns that the Federal Reserve's attempt to unwind post-financial crisis intervention may have gone too far. The FT's Joe Rennison explains what has been going on in the repo market. Further reading: How the Federal Reserve could fix the repo market: https://www.ft.com/content/33674380-e4f4-11e9-9743-db5a370481bc Fed wrestles with role of regulation in repo squeeze: https://www.ft.com/content/45a9c196-e231-11e9-9743-db5a3...
Oct 03, 2019•21 min
WeWork was long considered one of the most anticipated IPOs of 2019. For SoftBank, WeWork’s biggest outside investor, the listing would be the moment it made a return on the nearly $11bn it poured into the shared-office provider. Now, as WeWork struggles to take the company public, the spotlight is on SoftBank’s Masa Son and his billion-dollar bets. Further FT reading: SoftBank investors brace for Vision Fund writedowns https://www.ft.com/content/ccdaa9c6-d60d-11e9-8367-807ebd53ab77 WeWork postp...
Sep 17, 2019•18 min
The purpose of the US corporation has evolved over time, from Henry Ford's mission to benefit the carmaker's employees to Milton Friedman's essay on shareholder primacy. The FT's US business editor, Andrew Edgecliffe-Johnson, reports on the latest thinking, this time from America's largest business lobby, the Business Roundtable. Read more on the idea of sustainable investing at ft.com/moralmoney Hosted on Acast. See acast.com/privacy for more information....
Sep 05, 2019•20 min
Investors poured $17bn into agricultural food and technology startups in 2018, fuelled by threats to the world's food supply, including climate change and a growing global population. We visit one such startup, Indigo Ag, which is working with farmers to trial its microbial products for healthier crops. Indigo Ag provides microbial seed treatments to farmers for free in exchange for data. The company also sells the seed treatments through its standard commercial model. With guests Emiko Terazono...
Aug 20, 2019•20 min
Amid concerns about a slowdown in global economic growth, there is one industry telling a completely different story: luxury goods. Aimee goes to Paris to find out why. With guests Harriet Agnew, Paris correspondent for the Financial Times, and Robert Burke, chairman and chief executive of the consultancy Robert Burke Associates. Hosted on Acast. See acast.com/privacy for more information.
Aug 07, 2019•22 min
About 10 years ago, two legendary private equity firms, Apollo Global Management and TPG, teamed up to carry out a leveraged buyout of one of the biggest and most iconic gaming companies, then known as Harrah’s. They financed the purchase by taking advantage of Harrah’s real estate. Now, an obscure regional casino group out of Reno, Nevada is set to scoop up what has become the Caesars Entertainment empire in a deal that is making use of a pretty similar kind of financing. The FT’s Sujeet Indap ...
Jul 24, 2019•26 min
When Fiat Chrysler Automobiles withdrew its proposal for a €33bn merger with France’s Renault it reversed plans to create what could have been the world's third-largest carmaker. The FT's David Keohane, Leo Lewis and Rachel Sanderson tell the story of how the bid came together, how it eventually fell apart and what it means for the future of global carmakers. Hosted on Acast. See acast.com/privacy for more information.
Jun 25, 2019•24 min
Over the past 54 years, shares in Berkshire Hathaway have outpaced the broader market. But now the conglomerate is holding onto more than $100bn in cash that it would rather be investing. The FT's Eric Platt guides us through the Berkshire Hathaway operation, and how its 88-year old chairman and chief executive is thinking about the company's future. Read more at FT.com. Hosted on Acast. See acast.com/privacy for more information.
Jun 04, 2019•27 min
What it means for a generation of tech companies with huge valuations to be making the shift to the public markets, and why some are doing it by unconventional means. Hosted on Acast. See acast.com/privacy for more information.
Mar 12, 2019•19 min
How did Denmark’s Danske Bank find itself at the centre of one of the largest money-laundering scandals the world has ever seen? The FT’s Richard Milne explains. This episode was originally published on October 30, 2018. Read the latest on the Nordic money-laundering scandal at FT.com . Hosted on Acast. See acast.com/privacy for more information.
Mar 05, 2019•17 min
The arrest of Meng Wanzhou, Huawei's chief financial officer, followed months of mounting scrutiny of the world's biggest telecoms equipment maker. The FT's Nic Fildes explains how Huawei grew to be such a big player, and why western intelligence officials are warning against working with the Chinese company on the next generation of mobile technology. This episode was originally published on December 18, 2018. Hosted on Acast. See acast.com/privacy for more information....
Feb 26, 2019•20 min
Sprint and T-Mobile have a long on-again, off-again history. Together the companies serve a combined total of about 30 per cent of the US mobile market. Now, after a third attempt at merging, the companies are awaiting regulatory approval from the Trump administration. The decision could shape the telecoms industry and American consumer options for decades to come. Hosted on Acast. See acast.com/privacy for more information.
Feb 19, 2019•24 min
Two mid-sized American banks are joining forces in a $66bn merger - BB&T and Suntrust. It is the biggest US bank deal since the financial crisis, and analysts say the deal will up the ante on rival banks to consolidate. The FT's Robert Armstrong and James Fontanella Khan dig into the details of the deal, and what it means for the broader industry. Hosted on Acast. See acast.com/privacy for more information.
Feb 12, 2019•22 min
Shares in the British bakery chain more than doubled from the time it listed on the London Stock Exchange in 2014 to late last year, just before it emerged that its accounts were largely fictitious. The FT's retail correspondent Jonathan Eley walks us through what happened. Hosted on Acast. See acast.com/privacy for more information.
Feb 05, 2019•22 min
There is a corner of the credit market that has started to worry regulators - leveraged loans. How does the $1.2tn leveraged loan market work and why do some say it could pose a risk to the financial system? The FT’s Colby Smith and Joe Rennison explain. Read more at FT.com/debtmachine . Hosted on Acast. See acast.com/privacy for more information.
Jan 29, 2019•21 min
The future is on the line again for the carmakers known as the "big three": Ford, GM and what is now Fiat Chrysler. Ten years ago the question was whether the carmakers would survive the financial crisis. Today, investors wonder if traditional car companies will be able to make the technological shift to an industry of self-driving, electric and service-focused cars. The FT’s Patti Waldmeir reports. Hosted on Acast. See acast.com/privacy for more information....
Jan 22, 2019•19 min
In the past month pharmaceutical companies have spent almost $100bn acquiring biotech companies. The FT's Sarah Neville explains why big pharma is raising its bet on the drug pipelines owned by biotechs, and why analysts expect more consolidation in 2019. Read more from Sarah at FT.com . Hosted on Acast. See acast.com/privacy for more information.
Jan 15, 2019•19 min
In 2017, the Chinese ride-hailing app was the highest valued start-up in the world at $56bn. But after a difficult period in 2018 following the murder of two passengers on its platform and a government crackdown, Didi has made a move to diversify by offering financial services. The FT's Yuan Yang reports. Hosted on Acast. See acast.com/privacy for more information.
Jan 08, 2019•21 min
The arrest of Meng Wanzhou, Huawei's chief financial officer, followed months of mounting scrutiny of the world's biggest telecoms equipment maker. The FT's Nic Fildes explains how Huawei grew to be such a big player, and why western intelligence officials are warning against working with the Chinese company on the next generation of mobile technology. Hosted on Acast. See acast.com/privacy for more information.
Dec 18, 2018•21 min
In October, IBM announced it would acquire open source software pioneer Red Hat for $34bn. The deal resonated with Wall Street, but making the two companies work together will be another challenge. The FT’s Richard Waters digs into IBM's history and what its tie-up with Red Hat signals about the future. Hosted on Acast. See acast.com/privacy for more information.
Dec 04, 2018•20 min
