Making sense of a wonky GDP reading

弄懂GDP数据的异常表现

FT News Briefing

2025-07-31

11 分钟
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Meta’s shares jumped more than 10 per cent off the back of better than expected second-quarter earnings, and the Federal Reserve held rates steady despite calls to lower borrowing rates by US President Donald Trump. Plus, American copper prices fell after Trump exempted refined materials from a 50 per cent tariff on the metal, and HSBC profits declined by 29 per cent.  Mentioned in this podcast: Meta shares jump on strong results as Zuckerberg sets out ‘superintelligence’ goals Fed holds rates steady despite Trump’s calls for lower borrowing costs US copper prices fall after Trump exempts refined metals from tariffs  HSBC profits slide 29% on hit from China and restructuring Today’s FT News Briefing was produced by Henry Larson, Sonja Hutson, and Marc Filippino. Additional help from Blake Maples, Michael Lello, David da Silva and Gavin Kallmann. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
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  • Good morning from the Financial Times.

  • Today is Thursday, July 31st.

  • And this is your FT News briefing.

  • Metta's earnings comforted investors and yesterday was a bit of a doozy for the U.S. economy.

  • Plus HSBC had a no good, very bad second quarter.

  • HSBC can't run away from these global problems,

  • especially these problems in its major markets, including China and Hong Kong.

  • I'm Mark Filippino and here's the news you need to start your day.

  • Wall Street seems to be picking up what Mark Zuckerberg is putting down.

  • Meta's shares jumped more than 10% right after the company reported better than expected second quarter earnings yesterday.

  • Revenues jumped 22% last quarter.

  • That is well above expectations.