The FT’s Cardiff Garcia reports from Munich where a lone gunman killed nine people in an attack near a shopping centre on Friday evening before taking his own life. Visit FT.com for more on the story.

 

With Philip Stephens, Jim Pickard and James Blitz of the FT and Marcus Roberts, from the pollster YouGov. Presented by George Parker.

 

In an economic climate of low interest rates and choppy capital markets, US banks are struggling to improve their day-to-day operations. The FT’s Ben McLannahan and Alistair Gray discuss the forces restricting revenue growth at the big Wall Street banks, and what to expect in the second half of the year. Music by Kevin MacLeod.

 

What are the economic and social tradeoffs of deciding where to live and how can one measure these? An economist at the Oregon Office of Economic Analysis joins Cardiff Garcia and Kara Scannell to discuss a system he developed for this exact purpose. Then, how did a failing business promoting mixed martial arts grow to become a global brand valued at $4bn? Cardiff talks the economics of the sport with John S. Nash, a writer for the UFC and MMA industry website Bloodyelbow.com.
Visit FT.com/Alphachat for show notes and links. Music by Minden.

 

The dollar is on the rise, suggesting the market is either unfazed by the prospect of a Trump presidency or has yet to focus on it. Jordan Rochester of Nomura tells Roger Blitz that a Trump triumph wouldn’t be the first “shock” to be ignored by the market

 

With the expected departure of Roger Ailes from Fox News Channel, Financial Times editor Lionel Barber and media correspondent David Bond discuss what’s at stake for the future of 21st Century Fox, a key part of Rupert Murdoch’s global media empire.

 

Following a failed military coup in Turkey, President Erdogan has launched a sweeping crackdown on alleged plot sympathisers. Who was responsible for the uprising? And how have Ankara’s western allies responded? The FT’s World News editor Ben Hall speaks to Mehul Srivastava, the FT’s correspondent in Turkey, and former Turkey correspondent Daniel Dombey.

 

In this week’s Money Show, FT correspondents and outside guests tackle questions we have received from our community of readers and listeners on Brexit and the pound, property and interest rates.

 

Online fraud from software masquerading as genuine consumers is forecast to cost marketers up to $7bn this year — but the industry is finding such crime very hard to combat and even to detect, says Robert Cookson

 

The grand hymn of redemption took a long path to its current stature in American spirituality, from John Newton’s original lyric to the civil rights movement of the 1960s. Ian McCann follows its turbulent history.

Credits: Rhino Atlantic, Marathon, Ameritz Music, Bandleader Recordings, UMC