Sonja Hutson

Electra, how big of a threat is this really to the status of U.S.

treasuries as a kind of ultimate safe haven asset?

Death by a thousand cuts.

Elettra Artesino is a reporter for the FT's Monetary Policy Radar.

Thanks, Elettra.

Thank you.

Netflix's founder and chair Reed Hastings is stepping down.

He started the company in 1997 and built a DVD-by-mail service into a $450 billion streaming giant.

Netflix made the announcement yesterday at the same time that it reported quarterly earnings.

Its shares fell as much as 9% in after-hours trading.

The sell-off was sparked by weaker-than-expected current quarter guidance, but the company still reported strong results for the first three months of the year.

Its earnings came in well above Wall Street expectations.

The results were boosted by a nearly $3 billion breakup fee it received from Paramount.

You see, Netflix had inked a deal to buy Warner Brothers Discovery, but then Paramount Gate crashed it and Netflix ultimately backed out of the bidding war.

China has been largely sitting on the sidelines of the Iran war, but an FT investigation shows a secretly acquired Chinese satellite in 2024 gave Iran a powerful tool to use in the conflict.

It's allowed Iran to target U.S.

military bases across the Middle East.

Miles Johnson is an investigative reporter for the FT who's been leading this reporting.

He joins me now.

Hi, Miles.