Now it is unacceptable to boast about spending, company bosses are turning to the summer reading list

 

Lex writer Sujeet Indap explains why Verizon’s $4.8bn acquisition of Yahoo’s core operating business is a good deal for the US telecom giant and what it means for Yahoo. Visit FT.com for more on the story.

 

Bob Dylan’s cryptic number is one of the signature songs of the 1960s, signalling a shift in his career. It helped launch The Byrds to stardom and was pivotal in the development of indie rock. Richard Clayton follows its history.

Credits: Columbia, Legacy, Spectrum, Naxos

 

Xi Jinping, China’s leader since 2012, came from humble beginnings. How has he grown to have such power in such a short time and what does he want to do with it? James Kynge, the FT’s Emerging Markets Editor, talks to Kerry Brown, Professor of Chinese politics at King’s College, and Tom Mitchell, FT Beijing Bureau Chief.

 

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.