Rio Tinto’s surprise CEO hunt

US stocks jumped yesterday after President Donald Trump said trade talks with the EU were headed in a "positive" direction, and McKinsey cut 10 per cent of its staff in an effort to increase profits. Plus, Asian currencies are getting a boost from investors’ bets on US trade deals and the FT’s Leslie Hook explains what’s next for Rio Tinto after it asked its chief executive Jakob Stausholm to step down. 

Mentioned in this podcast:

US stocks jump as Donald Trump touts ‘positive’ progress on EU trade talks

Asian currencies boosted by investor bets on US trade deals

McKinsey sheds 10% of staff in two-year profitability drive 

Rio ousted chief Jakob Stausholm to seek boss with more mining experience

Today’s FT News Briefing was produced by Sonja Hutson, and Marc Filippino. Additional help from Blake Maples and Michael Lello. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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