Wall Street digests bitter economic data

The FT’s US financial commentator joins to discuss how investors are responding to unsettling new economic data, and Germany’s biggest sports retailer is considering relocating some manufacturing to China. Plus, US President Donald Trump is using tariffs to target Brazil’s judiciary, and consumers are cutting back on luxury brands.

Mentioned in this podcast:

Dollar rebound fizzles after jobs data disappoints

Germany’s biggest sports retailer considers moving production into China

Lula seizes Trump tariff threat to revive re-election push

Brazil vows to defend supreme court against Donald Trump’s onslaught

Luxury brands hit by drop in tourist spending in Europe and Japan

Today’s FT News Briefing was produced by Fiona Symon, Sonja Hutson, Ethan Plotkin, Jess Smith, 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

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