Unhedged

Unhedged is off today so instead we're bringing you an episode from our fellow FT podcast, Behind the Money. In this episode, we look at how LVMH’s wine and spirits division, Moët Hennessy, has long been a source of success – and cash – for the luxury goods behemoth. But more recently, that’s changed. The FT’s Paris correspondent Adrienne Klasa, found that certain strategic decisions made under the company’s former CEO have contributed to a change in its fortunes. She examines the missteps and whether the division can make a comeback.  Listen to more episodes from Behind the Money here [https://www.ft.com/behind-the-money]. Clips from Olympics - - - - - - - - - - - - - - - - - - - - - - - - - -  For further reading: Moët Hennessy’s crisis: dubious deals, soaring prices and hubris [https://www.ft.com/content/5fdf5c34-cb1d-40da-8e7c-8daca5d84fd3]  Alcohol groups face a sobering cultural shift [https://www.ft.com/content/bff09e90-1d24-4007-a30b-e341caa041f9] Moët Hennessy to cut 10% of workforce as luxury slowdown bites [https://www.ft.com/content/f22a032d-a923-42ab-89c1-aa44af905ba2] - - - - - - - - - - - - - - - - - - - - - - - - - -  Follow Adrienne Klasa on X (@AdrienneKlasa [https://x.com/AdrienneKlasa]). Michela Tindera is on X (@mtindera07 [https://twitter.com/mtindera07]) and Bluesky (@mtindera.ft.com [https://bsky.app/profile/mtindera.ft.com]), or follow her on LinkedIn for updates about the show and more. Read a transcript of this episode on FT.com [https://www.ft.com/content/46d507c5-7e6b-4226-94f8-da3f75907ed6] ---------------------------------------- Hosted on Acast. See acast.com/privacy [https://acast.com/privacy] for more information.

Israel and Iran are at war, but markets have yet to freak out. Today on the show, Rob Armstrong and Katie Martin dig into what’s happening with oil, the dollar and gold — and what Federal Reserve chair Jay Powell will say following this week’s FOMC meeting. Also, they go long New York pizza and golden telephones.   For a free 30-day trial to the Unhedged newsletter go to: https://www.ft.com/unhedgedoffer [https://www.ft.com/unhedgedoffer]. You can email Robert Armstrong and Katie Martin at unhedged@ft.com [unhedged@ft.com]. Read a transcript of this episode on FT.com [https://www.ft.com/content/06c545ca-c3a3-4014-a358-f57136187617] ---------------------------------------- Hosted on Acast. See acast.com/privacy [https://acast.com/privacy] for more information.

Tesla stock feels like it runs on uncut animal spirits. But the company’s fortunes have been bound up with the US government since long before the Trump administration.Today on the show, Rob Armstrong and Aiden Reiter sort through the factors that drive the company’s stock. Also, they go long the price of copper and long short shorts. For a free 30-day trial to the Unhedged newsletter go to: https://www.ft.com/unhedgedoffer [https://www.ft.com/unhedgedoffer]. You can email Robert Armstrong and Katie Martin at unhedged@ft.com [unhedged@ft.com]. Read a transcript of this episode on FT.com [https://www.ft.com/content/70bc79fd-9edc-4f90-ad29-0a385f5a4c27] ---------------------------------------- Hosted on Acast. See acast.com/privacy [https://acast.com/privacy] for more information.

Strategy (formerly MicroStrategy) continues its meteoric rise as new investors purchase a company whose basic business is to own bitcoin. Naturally, the firm has inspired copycats, such as the Japanese hotel developer that just started buying crypto and now trades for more than the value of all its assets. Today on the show, Rob Armstrong and Katie Martin try to figure out if there’s any way it doesn’t all end in tears. Also, they go short tariffs on solar panels and short fecal transplants. For a free 30-day trial to the Unhedged newsletter go to: https://www.ft.com/unhedgedoffer [https://www.ft.com/unhedgedoffer]. You can email Robert Armstrong and Katie Martin at unhedged@ft.com [unhedged@ft.com]. Read a transcript of this episode on FT.com [https://www.ft.com/content/e11746e8-1c20-4eda-969a-d7d71577b883] ---------------------------------------- Hosted on Acast. See acast.com/privacy [https://acast.com/privacy] for more information.

The last 12 months have been great for Walmart, with its stock price rising on growing sales. And it’s all happening despite impending tariffs, and without adding more employees. Today on the show, US consumer editor Gregory Meyer joins Rob Armstrong to discuss what Walmart’s success can tell us about the future of American retail. Also, they go short online sports gambling and short New Jersey transit.  For a free 30-day trial to the Unhedged newsletter go to: https://www.ft.com/unhedgedoffer [https://www.ft.com/unhedgedoffer]. You can email Robert Armstrong and Katie Martin at unhedged@ft.com [unhedged@ft.com]. Read a transcript of this episode on FT.com [https://www.ft.com/content/20e1a10c-2912-42b7-85e2-fd7f44153e23] ---------------------------------------- Hosted on Acast. See acast.com/privacy [https://acast.com/privacy] for more information.