FT News Briefing

US President Donald Trump has not ruled out military action in Iran and Japan’s Prime Minister Sanae Takaichi plans to call a snap general election. Plus, Donald Trump’s “unpredictable” policies have prompted bond giant Pimco to diversify away from US assets, and US banks push back against Trump’s credit card cap plans. Mentioned in this podcast:Donald Trump says he has received assurances ‘killing in Iran is stopping’Japan’s Sanae Takaichi to call snap electionDonald Trump’s ‘unpredictable’ policies to fuel multiyear shift from US, Pimco saysWall Street hits back at Trump credit card cap plansFT subscription sale  Note: The FT does not use generative AI to voice its podcasts Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Fiona Symon, Victoria Craig and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.Read a transcript of this episode on FT.com

Two former senior executives at the collapsed subprime car lender Tricolor Holdings pleaded not guilty to fraud and financial crime charges, and Microsoft is pledging to “pay its way” for its AI data centres. Plus, US inflation stayed at 2.7 per cent in December, and we’ll talk about what Balderton Capital’s early investment in Revolut can teach us about venture capital investment. Mentioned in this podcast:Tricolor executives plead not guilty to charges stemming from collapseMicrosoft vows to ‘pay its way’ as it seeks to defuse data centre backlashUS inflation stays at 2.7% in DecemberBillions from a million: the London VC that hit the jackpot with RevolutFT subscription sale  Note: The FT does not use generative AI to voice its podcasts Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Fiona Symon and Victoria Craig. Our show was mixed by Kelly Garry. Additional help from Michael Lello and Gavin Kallmann. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.Read a transcript of this episode on FT.com

UBS chief executive Sergio Ermotti is planning to step down in April 2027, and Paramount threatened a proxy fight in its latest move to force Warner Bros Discovery back to the negotiating table. Plus, the FT’s Robert Armstrong explains what could come next in US President Donald Trump’s crackdown on the Federal Reserve. Mentioned in this podcast:UBS boss Sergio Ermotti plans to step down in April 2027Paramount threatens proxy fight in battle for Warner Bros DiscoveryWhat is behind the criminal investigation into Jay Powell?Former Fed chiefs attack DoJ probe into Jay PowellFT subscription sale  Note: The FT does not use generative AI to voice its podcasts Today’s FT News Briefing was hosted and edited by Marc Filippino and produced by Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.Read a transcript of this episode on FT.com

US federal prosecutors opened a criminal investigation into Federal Reserve Chair Jay Powell, and civil unrest continues to threaten the Islamic regime in Iran. Plus, earnings season kicks off this week with the bank results.Mentioned in this podcast:US prosecutors investigate Jay Powell over revamp of Fed headquartersIran warns US against interventionWall Street headed for best investment banking year since pandemicFT subscription saleNote: The FT does not use generative AI to voice its podcasts Today’s FT News Briefing was hosted by Victoria Craig, and produced by Julia Webster and Marc Filippino and Sonja Hutson. Our show was mixed by Alex Higgins. Additional help from Peter Barber. The FT’s executive producer is Topher Forhecz. The show’s theme music is by Metaphor Music. Source: Federal Reserve, White HouseRead a transcript of this episode on FT.com

This is a repeat of an episode published on Swamp Notes, a sister podcast of the FT News Briefing on January 9, 2026. Subscribe to Swamp Notes on Apple, Spotify, Pocket Casts or wherever you listen.After a military operation to capture Venezuela's leader, the Trump administration is seeking influence over other regions across the western hemisphere. The FT’s national editor Edward Luce and US-Europe foreign affairs correspondent Amy Mackinnon share their insights on how Trump and his cabinet have come to embrace the idea of foreign intervention.Mentioned in this podcast:Trump really wants GreenlandUS says using military is among ‘options’ to acquire GreenlandHow the US’s audacious operation to capture Nicolás Maduro unfoldedSign up for the FT’s Swamp Notes newsletter hereSwamp Notes is hosted by Marc Filippino, and produced by Henry Larson. This week’s show was mixed by Sam Giovinco. The FT’s acting co-head of audio is Topher Forhecz. Special thanks to Pierre Nicholson. The FT does not use generative AI to voice its podcasts.CREDIT: Roll Call, CNN, Democracy Now!

Glencore and Rio Tinto resume mining megamerger talks, protests in Iran over economic conditions are the largest in years, and the US trade deficit narrowed to its lowest level since 2009. Plus, is there a right way for chief executives to exit a company? Mentioned in this podcast:Glencore and Rio Tinto resume talks on mining megadealIran protests spread to neglected hinterlandsUS trade deficit slides to lowest level since 2009 in OctoberArt of the exit: is there a right way for CEOs to quit?CREDIT: Reuters Note: The FT does not use generative AI to voice its podcasts Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Fiona Symon, Victoria Craig, and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Michael Lello. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.Read a transcript of this episode on FT.com

The US wants to control Venezuelan oil sales ‘indefinitely’ but the ‘catastrophic’ state of the Latin American nation’s crude facilities presents several hurdles. Plus, President Donald Trump banned institutional investors from buying single-family homes, and the UK and France pledged to deploy troops to Ukraine as part of sweeping US-backed security guarantees.Mentioned in this podcast:US seeks to control sales of Venezuelan oil ‘indefinitely’The ‘catastrophic’ state of Venezuela’s oil facilitiesDonald Trump moves to ban institutional investors from buying single-family homesFrance and UK commit to deploying troops under proposed Ukraine peace dealCredit: CNBC TelevisionNote: The FT does not use generative AI to voice its podcasts Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Fiona Symon, Victoria Craig and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Michael Lello. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com

Leading asset managers are positioning for a sharp sell-off in US technology stocks, Venezuela’s government has launched a crackdown after the US captured Nicolás Maduro, and the Trump administration is meeting with executives from US oil majors to discuss its strategy for Venezuela. Plus, the FT’s Joe Leahy explains how US involvement in Venezuela could affect China. Mentioned in this podcast:Fund managers prepare for ‘reckoning’ in US tech sectorVenezuela launches wave of repression after US seizure of Nicolás MaduroUS oil tankers sail towards Venezuela as risk of production ‘collapse’ loomsChina’s influence in US backyard tested by Nicolás Maduro’s downfallNote: The FT does not use generative AI to voice its podcasts  Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Fiona Symon, Victoria Craig and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann and Michael Lello.The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.Read a transcript of this episode on FT.com

Ousted Venezuelan president Nicolas Maduro pleaded not guilty to narco trafficking charges, and smaller private investors are eager to invest in Venezuelan oil. Plus, Chinese carmarkers are expected to increase exports this year, and we’ll look at how south-east Asia has been riding out Trump’s tariff storm. Mentioned in this podcast:Maduro pleads not guilty to drug-trafficking charges in New York courtWhat is Trump’s plan for Venezuelan oil?Ex-Chevron executive seeks $2bn for Venezuelan oil projectsChinese car exports set to jump as domestic sales coolHow south-east Asia is riding out Trump’s tariff stormNote: The FT does not use generative AI to voice its podcasts Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Victoria Craig and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Kaye Wiggins, Gavin Kallmann, and Michael Lello. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.Read a transcript of this episode on FT.com