This episode is brought to you by Avid Reader press.
Legendary investor Ray Dalio's new book,
How Countries Go the Big Cycle explains the mechanics behind big debt crises.
Larry Summers says Dalio's brilliant, iconoclastic approach is an invaluable resource.
Hank Paulson says it provides a solution to what is the biggest and most certain threat to our prosperity.
And the Financial Times warns policymakers would do well to pay attention to his concerns.
Get your copy wherever books are sold.
Good morning from the Financial Times.
Today is Monday, August 4, and this is your FT news briefing.
Financial markets are digesting uncomfortable data about the US Economy.
And the boom years may be over for luxury brands.
Plus, US President Donald Trump's tariffs on Brazil aren't just about trade.
He's imposed much higher tariffs on than he has on other countries and he's tied them to specifically political demands.
I'm Jess Smith and here's the news you need to start your day.
A lot changed on Friday for financial markets.
New US Economic data showed a different picture than the one investors have seen so far.
It's one of slowing jobs growth and warming inflation.
To talk about what this means, I'm joined by the FT's US financial commentator, Rob Armstrong.
He also co hosts the FT's Unhedged podcast.
Hi, Rob.