FirstFT – Trump and Sanders win primaries, a cure for jet lag and why contemplating death changes how you think

Mr Trump had secured 34.4 per cent, while Mr Sanders led Mrs Clinton by a commanding 59.5 per cent to 38.8 per cent in the New Hampshire primaries Read more

FirstFT – Bank stock rout, US immigration and a Twitter backlash

Deutsche Bank led a rout in global bank stocks, with its shares sliding more than 10 per cent at one point, and closing down 9.5 per cent Read more

FirstFT — N Korea launches rocket in breach of UN sanctions, China’s forex reserves and Marco Rubio meltdown

Seoul and Washington to begin formal talks on an advanced missile defence system Read more

Camp Alphaville: coming soon to New York?

The AV team is thinking about bringing a version of Camp Alphaville, the topsy-turvy finance and economics festival that we host every summer in London*, to New York City in the autumn.

For those who haven’t attended one of our events in London, Camp Alphaville is designed to be infused with a property that most finance conferences find anathema: fun. Read more

FirstFT – Brexit and BoJo, Syria stalemate and another London

PM David Cameron expected to win late backing of London’s mayor in his fight to keep Britain in the EU Read more

FirstFT – The UK’s new EU deal, US fortifies eastern Europe against Putin and Luxembourg’s asteroid mining plan

David Cameron releases the outline of a long-awaited reform deal he said would deliver the ‘substantial change’ he wants for the UK’s relationship with the bloc Read more

Thought for the weekend

We wanted to create a modern hub for consumers to share social and immersive experiences that were anchored in the exploration of our cola’s artisanal craft and flavor,” shared Seth Kaufman, Chief Marketing Officer, PepsiCo North America Beverages.

From Pepsi Unveils New Hospitality Venture with Launch of Kola House — an NYC “Experiential [sic] Lounge and Event Space” designed in partnership with “Renaissance man and legendary music icon Lenny Kravitz” that will offer “specialty plates inspired by the kola nut”.

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Thought for the weekend

This ontological inequality will separate those who adapt from those who resist – the material winners and losers in all senses of the word. The winners may even benefit from some form of radical human improvement generated by certain segments of the fourth industrial revolution (such as genetic engineering) from which the losers will be deprived. This risks creating class conflicts and other clashes unlike anything we have seen before.

An excerpt from The Fourth Industrial Revolution by Klaus Schwab, executive chairman of the World Economic Forum.

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RIP Chinese circuit breakers, 2016-16 (updated)

By way of Bloomberg:


Full statements on CSRC’s website. An unedited Google translation is included after the jump (along with a simpler, shorter statement from the Shanghai Stock Exchange).

Tributes in memoriam:

“I may never write about Chinese stocks again,” David Keohane, FT Alphavillain.

“There will be economic papers,” Anon.

“There will be blood,” Governmental Anon.

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FirstFT – Oil slides to 11-year low, M&A volume tops ‘07 record and Obama takes a jab at Trump

Brent crude oil skidded to its weakest intraday level since 2004, breaking below its financial crisis-era lows Read more

Podcast: Claudia Goldin on the history of women in the workplace (updated with transcript)

Here are links to the books and papers mentioned in the podcast:

FTAV Person of Interest 2015: the longlist

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Alphachat: What happens after rates rise, the shrinking middle class and pay equity

A segment-by-segment guide of this week’s show: Read more

FirstFT – Oil hits 7-year low, the world’s largest sunken treasure and Stonehenge’s original location

Traders react to a rancorous Opec meeting exposing the organisation’s inability to tackle a global oil glut Read more

Enroll now: A crisis teach-in, with Tim Geithner

Ever wanted to know how to get over “Lehman syndrome”?

How to face down “Old Testament populists and moral hazard fundamentalists”?

Or explain to a president that there’s nothing you can do “to stop the $160m in bonuses that AIG, the insurance company was paying out after it had been saved from bankruptcy”?

Then check out this upcoming Coursera and Yale production…

Former U.S. Secretary of the Treasury Timothy F. Geithner and Professor Andrew Metrick survey the causes, events, policy responses, and aftermath of the recent global financial crisis.

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Our podcast chat with Reihan Salam

Conservative commentator and National Review executive editor Reihan Salam recently stopped by the FT’s New York studio to chat with Cardiff about his data-driven take on a modern conservative economic policy.

The two discuss Reihan’s most recent paper, “Rethinking American Conservatism”, which was serves as a follow up to the book he co-authored with Ross Douthat, Grand New Party, as well as a host of other economic topics.

The full interview is below. Read more

Alphachat: The US SUV boom, Jamaica’s IMF success and a chat with Reihan Salam

Alphachat is available on Acast, iTunes, and Stitcher.

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Alphachat: Robots, artificial intelligence and a sluggish shopping season

Alphachat is available on Acast, iTunes, and Stitcher.

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Our chat with Esther Duflo — now with transcript

Alphachat: The power of talk and mythical startup valuations

Sherry Turkle wants you to put down your phone and talk to someone

The MIT professor and clinical psychologist stops by to discuss her new book, Reclaiming Conversation: the Power of Talk in a Digital Age. We talk about how always-on digital connections are making it harder for people to have conversations, whether with family, friends, romantic partners, classmates or co-workers, and why you keep your smartphone out of your bedroom at night. Read more

Our chat with Esther Duflo

FirstFT – Brexit, the global economic slowdown and not so splendid isolation

Cameron will unveil a four-point reform plan intended to keep Britain in the EU Read more

FirstFT – Saudi Arabia to keep pumping oil, UniCredit poised to downsize and the boss crush

Riyadh is determined to stick to its policy of producing enough oil to protect its global market share Read more

FirstFT – Pacific tensions, the Chinese learning curve and dangerous books

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US defence secretary Ashton Carter used a visit to the aircraft carrier USS Theodore Roosevelt — located near the areas of the South China Sea where Beijing is building artificial islands — to deliver a highly symbolic warning to China against its militarisation. Read more

The next Berkshire Hathaway in action

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FirstFT – Bomb theory emerges for Russian jet crash, more woe for VW and a colourful solution

The UK has suggested the Russian plane crash in Egypt may have been caused by a bomb Read more

FirstFT – Naval tensions, slowing Chinese growth and the 26m year time-bomb

The presidents of Taiwan and China will hold talks on Saturday in their first cross-strait meeting Read more

FirstFT – China takes to the waves, the cockroach cure and no Turkish delight

Diaries reveal that some of ECB’s top decision makers meet bankers and asset managers days before major policy meetings Read more

You had one job…

Two words summarise client marketing in the past month: ‘lost’ and ‘bearish’. This is the first time that we have come across so many people who say they are completely ‘lost’ in the current environment.

We met with many clients in the US, Europe and Asia. The wall of bearishness was extreme in the US – roughly 80% of meetings – but much more balanced outside the US (maybe because markets started to rally in the meantime). Often in the US, the question was ‘why isn’t this a bear market?’.

- Credit Suisse’s equity research team, Oct 15

*cough* Read more

FirstFT – Barclays poised to announce new CEO, the great game redux and profitable pot

Barclays plans to appoint Jes Staley as its new chief executive Read more