Defence stocks drop despite US-Iran war

30 April 2026 · 12m

FT News Briefing

Play — keeps going as you browse

Not rated yet

Comments

oldest first

Show notes

Meta said it would boost its spending on AI this year, and Jay Powell says he will stay on as a Federal Reserve governor once his term as chair ends. Plus, the special relationship between the UK and US held up under intense pressure, and defence stocks are struggling despite the US and Israel's war in Iran.

Oil jumps to almost $120 as Trump signals extended Hormuz stand-off

Fed chair nominee Kevin Warsh secures Senate committee approval

Oil surge divides US central bank as Jay Powell’s term at helm draws to a close

America’s special relationship is ‘probably Israel’, says UK ambassador to US

King Charles defends transatlantic relationship in speech to Congress

Defence stocks give back gains as investors buy rumour but sell war

Political Fix podcast

Credit: C-SPAN, Federal Reserve

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 Saffeya Ahmed, Victoria Craig, and Sonja Hutson. Our show was mixed by Sam Giovinco. Additional help from Gavin Kallmann, Michael Lello. 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

Hosted on Acast. See acast.com/privacy for more information.

More episodes

Fed holds rates as inflation fears grow30 Jul The Big Tech earnings dilemma29 Jul Ares’ big play in private equity28 Jul Hike or hold: Investors split ahead of Fed decision27 Jul Oil hits $100 and drives global bond sell-off24 Jul

Where to listen

Where to listen to FT News Briefing

Listen on Apple Podcasts